SEC agrees to waive $30M fine on BlockFi until investors are repaid

Silvergate to return $9.85M deposit to BlockFi

The two companies set up a reserve agreement prior to the latter's bankruptcy.

Silvergate to return $9.85M deposit to BlockFi

BlockFi to Reveal Statement of Financial Affairs on January 11th

The company had earlier laid off 20% of its workforce amidst industry headwinds in the summer of 2022.

BlockFi Filing for Bankruptcy and Conducting Major Layoffs

BlockFi is the latest crypto firm to file for bankruptcy following the collapse of Sam Bankman-Fried's crypto empire.

BlockFi Files for Bankruptcy, Latest Crypto Company to Fail

In its bankruptcy filing, BlockFi claimed more than 100,000 creditors, and liabilities ranging from $1 billion to $10 billion.

BlockFi Regulates Platform Activity

The business claimed that it was unable to conduct business as usual due to “a lack of clarification on the status of FTX.com, FTX US, and Alameda.”

[Coinlive Update] Upcoming Crypto Web3 Events in Singapore

[Coinlive Update] Upcoming Crypto Web3 Events in Singapore

3 Safe Alternatives To BlockFi

Several top-tier crypto lending platforms have found themselves in a pickle lately. BlockFi is affected by the recent bankruptcy filing ...

Divi Wallet Update Gives Users Full Control of their Cryptocurrencies

New features include buying/selling crypto and converting to supported coins in wallet Divi Labs, a specialist decentralized payment ecosystem provider ...