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id: 474, Created by Stan Vick, Scout
Creditors & Stakeholders are to fight back frozen assets by BlockFi
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- You will get case updates and receive a payout in case of success
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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.
Failure to Disclose,
Breach of Fiduciary duty,
Shock Event Date
28 November 2022