Insurer Says BlockFi Premium Suit Violates Ch. 11 Plan

By Rick Archer · February 20, 2024, 5:24 PM EST

A directors and officers insurance carrier for bankrupt cryptocurrency lender BlockFi is seeking to remove a lawsuit attempting to claw back $22.5 million in premiums from New Jersey state court to...

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Bankruptcy Scorecard

Summary

Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy facing a liquidity crunch as digital asset prices plummeted and a "rescue loan" from FTX Trading fell through.

Case Number

3:22-bk-19361

Judge

Michael B. Kaplan

Venue

U.S. Bankruptcy Court for the District of New Jersey

Capital Structure

Total Liabilities:

$1 billion-$10 billion

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