Crypto lender BlockFi under fire for risking $278M in uninsured funds amidst SVB collapse

BlockFi, a cryptocurrency lending and trading platform, has continued operations despite the collapse of its banking partner,Silicon Valley Bank (SVB). BlockFi has informed a New Jersey bankruptcy court that it has access to cash to operate normally, including paying employees…

BlockFi Petitions the U.S. Bankruptcy Court to Let Clients Withdraw From Blocked Accounts

BlockFi, the bankrupt cryptocurrency lender, has petitioned the United States Bankruptcy Court to allow clients to withdraw cryptocurrencies held in their BlockFi Wallet Accounts. Step Closer to Client Refunds This request has no effect on withdrawals or transfers from BlockFi…