Blockfi announces Finanz Report on January 11th

Blockfi announces Finanz Report on January 11th

Blockfi plans that assets and liabilities as well as explanations of certain payments of the platform to insiders and other parties before the bankruptcy application in November.

at the latest updated the competitive crypto credit Wealth and liabilities as well as their establishment of financial matters on January 11, 2023 will submit to the court.

"Blockfi is looking forward to continuing his open dialogue with the UCC, the US faithower and all interest groups in his cases according to chapter 11. Further information on the claim procedure and the submission of demonstrations are sent to the customer at a due time. Please note that no deadlines have currently been filed."

  • In a presentation that was submitted for its interest groups, Blockfi reports 106 domestic and
    international potential buyers shortly after their first insolvency hearing in November. She is now planning to submit an application for approval of the bidding process on January 30th.
  • It was also clarified that the management team did not deduct a crypto-asset from the platform after October 14, 2022 and that none of its members made a withdrawal of more than 0.2 BTC at any time after August 17th.
  • In 2022, the retail cancellations of Blockfi made up a total of $ 7.7 billion. The management team's withdrawals make up 0.15 % of this total volume.
  • According to Blockfi, the team used their personal assets on the platform to act, earn interest and save others under the same terms of use as customers.
  • 2022 was brutal for several companies, including blockfi. FTX offered the company a loan of $ 400 million and was about to buy it in July, but the spectacular collapse of the SBF crypto empire drove blockfi in bankruptcy.
  • Recently, Blockfi's lawyers informed the bankruptcy court that its managers repaid $ 15 million to an investor in mid-2022 to enforce an impending complaint for the collector's collapse.

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