BlockFi Whittles FTX Ch. 11 Claim From $5B To $500M

By Hilary Russ · September 20, 2023, 7:13 PM EDT

Bankrupt cryptocurrency lender BlockFi has been negotiating with fellow bankrupt crypto fintech firms FTX and Three Arrows Capital over the size of their potential claims, reducing FTX's roughly $5 billion of...

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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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