FTX, SEC, 3AC Take Issue With BlockFi Bankruptcy Plan

By Aislinn Keely · July 6, 2023, 6:06 PM EDT

Bankrupt crypto exchange FTX accused BlockFi, the crypto lender it once sought to save, of committing an "abuse of the plan process" by sending FTX claims further back in line in...

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Bankruptcy Scorecard

Summary

Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy facing a liquidity crunch as digital asset prices plummeted and a "rescue loan" from FTX Trading fell through.

Case Number

3:22-bk-19361

Judge

Michael B. Kaplan

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$1 billion-$10 billion

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Documents

Related Sections

Case Information

Case Title

BlockFi Inc.

Case Number

3:22-bk-19361

Court

New Jersey

Nature of Suit

Date Filed

November 28, 2022

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