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BLOCKFI.FI
id: 474, Created by Stan Vick, Scout
Creditors & Stakeholders are to fight back frozen assets by BlockFi
What do I get by joining?
- You will get case updates and receive a payout in case of success
- If you would like to actively participate, you will be connected to the attorney
- No, you do not pay anything out of your pocket neither to us nor to attorney
Now ANY CRYPTO INVESTOR who was damaged directly or “indirectly” by BlockFi can JOIN CASE!
On November 28, cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection.
In a court filing, BlockFi disclosed that it owns money to more than 100,000 creditors.
In November 2022, after the declaration of bankruptcy by FTX, BlockFi halted withdrawals on its platform.
Going back in July 2022, FTX made a deal that included a $400 million credit facility for the Company and an option to buy BlockFi for up to $240 million.
Despite the general negative market conditions for crypto assets after the FTX collapse, BlockFi Investors, Creditors, Clients, and other counterparties have every reason to suspect that the financial institution has not done everything possible, as required by law and regulations, to fulfill its fiduciary duties to stakeholders.
Alleged Offence
Mismanagement,
Misleading Statements,
Financial Misrepresentation,
Fraud,
Failure to Disclose,
Malpractice,
Negligence,
Breach of Fiduciary duty,
Omissions
Suspected Party
Directors,
Management,
Shareholder,
Influencer,
Investment Bank,
Service Provider,
Hedge Fund
Security Type
Crypto Asset
Trade Direction
Long
Shock Event Date
28 November 2022
Collecting participants…
Case history
Stan Vick
27 September 2023
- NJ bankruptcy judge granted approval to BlockFi Inc.'s Chapter 11 plan for its crypto platform.
- This decision was made despite objections from the Office of the United States Trustee regarding the releases being extended by third parties.
- The judge's rationale was that these third parties had the option to decline participation in the release provisions.