BlockFi Inc.

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Case overview

Case Number:

3:22-bk-19361

Court:

New Jersey

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

August 01, 2024
FTX's Ch. 11 Plan Sweetens Crypto Creditor Claim Market

A byproduct of the collapse of large cryptocurrency businesses — their bankruptcy claim market — has developed as an unlikely source of security and a rare positive outcome in the fallout from the so-called crypto winter, partly reflected in BlockFi's sale of roughly $875 million in allowed claims against FTX.
April 05, 2024
NY Regulators Agree To Skip BlockFi Distribution

BlockFi and the New York State Department of Finance Friday filed a stipulation with the New Jersey bankruptcy judge overseeing BlockFi's Chapter 11 case under which the department agreed to forgo any distributions from the BlockFi estate.
April 01, 2024
BlockFi-FTX Deal Gets OK, Chile Telecom Co. Hits Ch. 11

Cryptocurrency giants FTX and BlockFi have gotten approval from a court on a deal to end their disputes, Yellow Corp's fight with federal pension regulators will stay in bankruptcy court and Chile's largest phone and internet provider has hit Chapter 11. This is the week in bankruptcy.
March 27, 2024
BlockFi Wins Approval Of 'Tremendous' Deal With FTX

A New Jersey bankruptcy judge gave his blessing on Wednesday to a global settlement that ends disputes between fallen cryptocurrency giants BlockFi Inc. and FTX, saying the results were "tremendous."
March 06, 2024
BlockFi, FTX Strike Global Deal To Settle Bankruptcy Disputes

Fallen cryptocurrency giants BlockFi Inc. and FTX have settled their wide-ranging feud, with BlockFi allowed claims for $874.5 million and FTX to lay claim to roughly $600 million worth of liquidated Robinhood shares, formally ending all disputes and litigation between the two companies.
February 06, 2024
Sealed BlockFi Deal With 3AC In Ch. 11 Gets Court OK

A New Jersey bankruptcy judge on Tuesday approved a settlement between defunct cryptocurrency exchange BlockFi Inc. and hedge fund Three Arrows Capital to release dueling claims against each other for hundreds of millions of dollars, but declined to unseal it, saying it would be "counterintuitive" to make the details freely available.
February 05, 2024
US Trustee Balks At BlockFi Bid To Seal 3AC Deal

An agreement between former cryptocurrency exchange BlockFi Inc. and defunct hedge fund Three Arrows Capital that released a tangle of claims against each other should be public, the Office of the U.S. Trustee told a New Jersey bankruptcy court Monday, adding that sealing the entire settlement keeps information from parties that might object to the deal.
January 31, 2024
US Bid To Seize Assets In BlockFi Case Hits Another Snag

A New Jersey bankruptcy judge dealt another blow to the Justice Department's efforts to seize assets stemming from criminal conduct related to the BlockFi bankruptcy, saying the U.S. government cannot pause an adversary case through criminal forfeiture.
January 16, 2024
BlockFi Borrower Says Predatory Loans Justify $10M Claim

Former cryptocurrency platform BlockFi Inc. improperly cashed out collateralized digital assets, a creditor and former borrower told a New Jersey bankruptcy court on Tuesday, arguing his claims against the Chapter 11 estate should include the sold-off cryptocurrency.
December 20, 2023
Kirkland, Cole Schotz Get $21M In BlockFi Legal Fees OK'd

Law firms representing defunct cryptocurrency lender BlockFi through the Chapter 11 process — Kirkland & Ellis and Cole Schotz PC — will receive more than $20 million in legal fees, a New Jersey bankruptcy judge has ruled.

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