BlockFi

700 Bitcoin Lost?
Still waiting the said $BTC airdrop from BlockFi hahah
#BlockFi #BTCGiveaway

BlockFi received nearly 250 million USDC from Coinbase Prime and may start repaying customer funds
$USDC
#blockfi #coinbaseprime

$1.5 billion in cryptocurrency remains in the ruins of companies such as #FTX , #Terraform , #Celsius , and #Blockfi . Over the past few years, a wave of collapses of digital assets has engulfed a number of companies for various reasons — some suffered from earlier disasters, such as the FTX fiasco and Terraform Labs. The collapsed cryptocurrency companies still control assets totaling $1.5 billion on the blockchain. Despite these companies disappearing as a result of collapses and bankruptcies, their wallets, such as those associated with FTX, remain under the management of court-appointed bankruptcy trustees. Terraform Labs collapsed in May 2022 when their algorithmic stablecoin UST lost its peg, wiping out approximately $45 billion and dragging down firms like Three Arrows Capital and Celsius. FTX followed in November 2022, causing a broader shock after the revelations; however, as of June 14, Arkham Intelligence data shows that Terraform Labs still holds $2.45 million on the blockchain. According to Arkham, the bankrupt exchange controls wallets containing $611.93 million in digital assets.

Former BlockFi co-founder Flori Gilroy joins SoFi, leading the Crypto division

Flori Gilroy, co-founder of #BlockFi (the now-bankrupt crypto lending company), has been appointed as Senior Vice President of the crypto unit at SoFi. This move marks the return of both BlockFi founders to the crypto industry, after Zac Prince (the remaining co-founder) joined Galaxy.

SoFi strengthens its Crypto division

Gilroy was Flori Marquez when running BlockFi, a leading crypto lending company that collapsed due to the impact of Three Arrows Capital and #FTX . SoFi was a seed round investor in BlockFi in 2018.
#SOFI is ramping up its crypto service innovations this year, after pausing crypto trading in 2023 due to new regulations from the FED. SoFi is expected to relaunch its global money transfer and crypto investment services by the end of this year, as the "first innovations in many crypto and blockchain innovations" by the company.

Breaking: BlockFi Settles with U.S. DOJ, $35M Lawsuit Dismissed

⚖️Bankrupt crypto lender BlockFi has reached a settlement with the U.S. Department of Justice, leading to the dismissal of a $35M asset dispute related to funds tied to an Estonian fraud case.

📉BlockFi, which collapsed post-FTX in November 2022, still owes around $10B to nearly 100,000 creditors. The final customer withdrawal deadline was previously set for April 28, 2024.

#BlockFi #FTX #CryptoNews #BreakingNews

Use Case Of #Blockchain

Blockchain technology has a wide range of use cases,including:
1.#Charity
2.Supply chain
3.Healthcare
4.Royalty payments
5.Governance
6.Payment solutions and #Dapps
7.Internet of Things (IoT)
8.Closing thoughts

#Web3 #blockfi

#BlockFi The administrator overseeing BlockFi’s bankruptcy wind-down and the US Department of Justice (DOJ) have reached a settlement to dismiss a $35 million crypto asset transfer lawsuit involving the crypto lender.$SOL .......$XRP .....$ETH

🚨 BlockFi & DOJ Settle $35M Lawsuit!

The crypto lender's bankruptcy administrator and the US Department of Justice have reached a settlement, dismissing a $35 million crypto asset transfer lawsuit. This agreement, just approved by a US Bankruptcy Court judge, brings some much needed resolution.

The lawsuit stemmed from the DOJ's attempt to seize $35 million in crypto from BlockFi accounts linked to an unrelated criminal fraud case. This settlement means the case is dismissed with prejudice, clearing another hurdle in BlockFi's complex wind down.

This move provides more clarity for BlockFi's path to repaying its numerous creditors. It's a positive step towards concluding one of the largest crypto bankruptcies, offering a glimpse of how legal challenges are being navigated in this evolving landscape. #BlockFi #Bankruptcy #CryptoMarketNews #DOJ #CrytoMarketWatch

⚠️ ATTENTION: Staking platform #Haru has paused withdrawals citing issues with one of their “service partners they have worked with”.

It seems that the history of #Celsius and #BlockFi is repeating itself.

Not your keys, not your coins!