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BLOCKFI.FI
id: 474

Creditors & Stakeholders are to fight back frozen assets by BlockFi

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.
Case Status
Attorney Investigation
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…

BlockFi

A digital asset lender founded in 2017. It is based in Jersey City, New Jersey. It was once valued at $3 billion.

    Ticker
    BLOCKFI.FI
    Sector
    Financial Services
    Industry
    Financial Services
    Country
    US
    Address
    201 Montgomery St #263, Jersey City, NJ 07302