Blockfi chapter 11 reddit
WebNov 15, 2024 · Crypto lending platform BlockFi is considering filing for Chapter 11 bankruptcy protection and preparing for job cuts in the wake of the collapse of closely-linked crypto exchange FTX, a source at the company told Decrypt on Tuesday. The Wall Street Journal first reported on the potential bankruptcy filing.. In its exploration of next steps, … WebNov 11, 2024 · "BlockFi reports to the DFPI that it has ceased offering loans in California and asks clients not deposit to the BlockFi Wallet or its interest accounts," DFPI's release said. 7.81% 3.55%
Blockfi chapter 11 reddit
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WebThere is so much BS listed in the monthly filing that is obviously worth $0. "Intangibles and intellectual property" listed at $8m, what a joke. $1m in office equipment where most of the descriptions clearly state "leased, not owned"? $5m in collateral for an agreement with Deserve, under an agreement blockfi clearly breached.. $22m in ... WebUCC Presentation on Status of BlockFi Chapter 11 case, 25 page. blockfiofficialcommittee. Vote. 1. 1 comment. Best. Add a Comment. infjord • 1 min. ago. Just at a first glance, this …
WebMissing transactions in .csv reports? I'm working on my taxes and noted that all of the accounting is straight except for a GUSD deposit missing a cost basis, and a rather large amount of ETH being tallied as should still be in my account. That is to say, my BlockFi account was completely evacuated prior to the platform collapse, but the ... WebThis subreddit will allow for blockfi creditors, investors and any aggrieved parties to discuss potential courses of action regarding Blockfi filing for Chapter 11 Bankruptcy. Stay civil, stay safe and hopefully everyone will be made whole.
WebThat's basically just making sure the assets you have match what BlockFi assumes you owe. Everything else is mostly done via the courts. The big notice is the Voyager USD withdrawls and BlockFi wallets. If the debtor (BlockFi) want it and have the TOS to support it, they will most likely win that case. WebMissing transactions in .csv reports? I'm working on my taxes and noted that all of the accounting is straight except for a GUSD deposit missing a cost basis, and a rather large …
WebIf it makes you feel any better, Blockfi didn't do a great job of managing risk or presenting the risks to BIA users. Now, Blockfi leadership are still being well compensated for their …
WebNov 28, 2024 · Cryptocurrency lender BlockFi Inc. filed for chapter 11 on Monday, following FTX into bankruptcy and spotlighting the contagion effects that the failure of the crypto exchange has unleashed. tarpon springs fl aquariumWebr/WallstreetVR • A new COVID quarantine detention center with 87,000 beds was just built in Guangzhou, China (19 million people) in only 15 days. tarpon springs fl newspaperWebcoinfeeds-bot • 4 mo. ago. tldr; BlockFi has filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code to stabilize its business and pursue recoveries on counterparty obligations. As part of its restructuring efforts, BlockFi will focus on recovering all obligations owed to BlockFi by its counterparties, including FTX. tarpon springs fl calendarWebNov 28, 2024 · On Monday, BlockFi, which was founded in 2024, filed for Chapter 11 protection in New Jersey. Its implosion is the latest example of an industry built on shaky foundations, with companies so ... tarpon springs fl obituariesWebBlockFi is done with billions of debt and over 100k creditors. And everybody who´s job is regulating and controlling looked the other way again... tarpon springs florida crime rateWebWill BlockFi announce Chapter 11 on Friday. Seems like a great day to sneak it through on a Friday afternoon right before a weekend with everyone focusing on the holidays. Or … tarpon springs fl fishingWebIf it makes you feel any better, Blockfi didn't do a great job of managing risk or presenting the risks to BIA users. Now, Blockfi leadership are still being well compensated for their time despite handing off a lot the bankruptcy work to a third party. We are learning a hard lesson and it looks like they're getting a fresh start to rob people ... tarpon springs fl hotels beach