The US stock exchange supervision SEC agrees to do without Blockfi's punishment of $ 30 million until investors have paid back their money
The US stock exchange supervision SEC agrees to do without Blockfi's punishment of $ 30 million until investors have paid back their money
The US stock exchange supervision SEC (Securities and Exchange Commission) has given up its place as one of the first creditors to repaid crypto credit platform Blockfi by the insolvent.
The step takes place because the SEC is exposed to strong pressure due to a legal dispute against the Binance cryptocurrency exchange.
The US stock exchange supervisory authority Securities and Exchange Commission loses space in the first row
At the beginning of last year, Blockfi agreed to an agreement on $ 100 million on the US stock exchange supervision that had not registered her crypto loan products with the authority.
In November, Blockfi applied for insolvency protection in accordance with Chapter 11 after the crypto derivate exchange ftx collapsed. At the time of its bankruptcy, the platform had user funds worth $ 1 to $ 10 billion. As a result, the loan platform could not pay its $ 30 million discount to the Sec.During the bankruptcy application from Blockfi, the security supervisory authority was mentioned as one of the first creditors to satisfy the company after its restructuring process.
According to a court file on Thursday, the SEC lost its place in the front row as one of the early creditors of the lender. The regulatory authority stated that its claims should be classified as "general unsafety demands" as part of the ongoing insolvency proceedings.The reimbursement strategy of Blockfi
Last week, the battered crypto loan company turned to its customers with regard to the recovery of their assets. The company pointed out that the Blockfi Wallet would add new functions before users can start withdrawal.The crypto loan added that the payment process would be rationalized by enabling payout stacks for justified users. Wallets are needed by third -party providers to facilitate the withdrawal process. Blockfi also announced that the money withdrawal process is planned for this summer.
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