Category: BlockFi
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BlockFi nears final distribution after selling FTX claims
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BlockFi has announced the sale of FTX claims, enabling the near-final distribution of 100% of all permitted customer and unsecured creditor claims. BlockFi’s plan administrator has announced the sale of FTX’s claims, paving the way for full recovery for clients and creditors. In a press release shared with crypto.news, BlockFi’s…
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BlockFi To Facilitate Customer Asset Withdrawals Through Coinbase Partnership
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The cryptocurrency industry has faced significant challenges in recent times, with the collapse of prominent players like FTX shaking the confidence of investors and users alike. Amidst this turbulent landscape, BlockFiAmazon, once a thriving cryptocurrency lending company, has found itself in the throes of bankruptcy proceedings. However, the company has…
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BlockFi To Facilitate Customer Asset Withdrawals Through Coinbase Partnership
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The cryptocurrency industry has faced significant challenges in recent times, with the collapse of prominent players like FTX shaking the confidence of investors and users alike. Amidst this turbulent landscape, BlockFiAmazon, once a thriving cryptocurrency lending company, has found itself in the throes of bankruptcy proceedings. However, the company has…
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BlockFi To Begin First Repayments Via Coinbase This Month
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Bankrupt crypto lending platform BlockFi recently announced that it will begin paying back customers who failed to complete withdrawals through the platform this month. Following the web platform’s shutdown in May, temporary crypto distributions will also be conducted through its partnership with crypto exchange Coinbase. BlockFi Announces First Temporary Crypto…
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BlockFi To Begin First Repayments Via Coinbase This Month
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Bankrupt crypto lending platform BlockFi recently announced that it will begin paying back customers who failed to complete withdrawals through the platform this month. Following the web platform’s shutdown in May, temporary crypto distributions will also be conducted through its partnership with crypto exchange Coinbase. BlockFi Announces First Temporary Crypto…
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Bankrupt Crypto Lender BlockFi to Commence Repayments This Month
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BlockFi, a bankrupt cryptocurrency lender, has announced a major step in its efforts to repay its customers. In a post on X on Wednesday, the lender noted that the first interim distribution of funds to customers through Coinbase will begin this month. According to BlockFi, the temporary distribution will take…
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Bankrupt Crypto Lender BlockFi to Commence Repayments This Month
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BlockFi, a bankrupt cryptocurrency lender, has announced a major step in its efforts to repay its customers. In a post on X on Wednesday, the lender noted that the first interim distribution of funds to customers through Coinbase will begin this month. According to BlockFi, the temporary distribution will take…
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BlockFi To Start Interim Crypto Distributions Through Coinbase This Month For Its American Users
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Main Takeaways BlockFi, a prominent crypto lender, filed for Chapter 11 bankruptcy in November 2022 due to its significant exposure to the collapse of FTX and Alameda Research. The company’s repayment plan, which aims to settle debts with about 10,000 creditors, has been approved by 90% of voting creditors. BlockFi…
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BlockFi To Start Interim Crypto Distributions Through Coinbase This Month For Its American Users
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Main Takeaways BlockFi, a prominent crypto lender, filed for Chapter 11 bankruptcy in November 2022 due to its significant exposure to the collapse of FTX and Alameda Research. The company’s repayment plan, which aims to settle debts with about 10,000 creditors, has been approved by 90% of voting creditors. BlockFi…
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BlockFi To Shut Down Web Platform, Partners With Coinbase For Fund Distribution
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The cryptocurrency lending and borrowing scene has faced significant turmoil in recent years, with several prominent players such as Celsius, Voyager Digital, and Genesis collapsing. Amid this turbulent environment, BlockFi, a thriving name among cryptocurrency lending platforms, announced its intention to shut down its web platform and partner with leading…
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BlockFi To Shut Down Web Platform, Partners With Coinbase For Fund Distribution
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The cryptocurrency lending and borrowing scene has faced significant turmoil in recent years, with several prominent players such as Celsius, Voyager Digital, and Genesis collapsing. Amid this turbulent environment, BlockFi, a thriving name among cryptocurrency lending platforms, announced its intention to shut down its web platform and partner with leading…