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Bluelight – economic strategy1

Court directs BlockFi to retract chapter 11 reorganization plan

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied A U.S. bankruptcy court recently ordered cryptocurrency lender BlockFi to withdraw its prematurely disclosed chapter 11 reorganization plan and accompanying statement until all materials are formally authorized. On May 18, the court directed BlockFi, the insolvent cryptocurrency lender, to retract its […]
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BlockFi opts to liquidate its lending business

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied New Jersey-based bankrupt crypto lender BlockFi is looking to liquidate rather than sell its cryptocurrency lending platform after concluding that a sale might not benefit creditors. BlockFi, in a court document filed with the US bankruptcy court for the District of […]
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US politicians Warren and Ocasio-Cortez probe Circle, BlockFi on SVB relationship 

Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez are questioning some of the largest depositors of the now-fallen Silicon Valley Bank (SVB), including USDT issuer Circle and bankrupt BlockFi. The lawmakers are seeking information about the companies’ relationship with SVB.  The lawmakers sent letters to Circle, BlockFi, and 12 other non-crypto companies, questioning why they chose […]
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BlockFi to refund California borrowers over $100,000

Bankrupt cryptocurrency lender BlockFi has agreed to refund over $100,000 to California borrowers who continued to repay their loans after the platform halted withdrawals.  California’s Department of Financial Protection and Innovation (DFPI) announced that BlockFi had approved its servicer to refund over $100,000 to the company’s borrowers in California, subject to approval from the bankruptcy […]
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