BlockFi Inc.

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Case overview

Case Number:

3:22-bk-19361

Court:

New Jersey

Nature of Suit:

Firms

Companies

Government Agencies

Sectors & Industries:

  1. December 20, 2023

    Kirkland, Cole Schotz Get $21M In BlockFi Legal Fees OK'd

    Law firms representing defunct cryptocurrency lender BlockFi through the Chapter 11 process — Kirkland & Ellis and Cole Schotz PC — will receive more than $20 million in legal fees, a New Jersey bankruptcy judge has ruled.

  2. December 11, 2023

    BlockFi Bankruptcy Attys Request Roughly $40M In Fees

    Law firms representing defunct cryptocurrency lender BlockFi and its creditor committee through the Chapter 11 process have requested roughly $40 million from the estate ahead of a January hearing on compensation.

  3. October 10, 2023

    3AC Bid To Consolidate Claims Falls Short In BlockFi Court

    As defunct hedge fund Three Arrows Capital pursues $1.3 billion of preference claims against BlockFi and other bankrupt crypto companies, it failed Tuesday to convince a New Jersey judge that it should be allowed to consolidate issues relating to all of its similar claims into one court.

  4. October 05, 2023

    Feds Take Aim At FTX Jets As BlockFi Presses Ch. 11 Claims

    The U.S. Justice Department has moved to further clip accused FTX crypto-fraudster Sam Bankman-Fried's wings, seeking forfeiture of two multi-passenger corporate jets as his criminal trial continues in New York and negotiations continue over his bankrupt cryptocurrency empire in Delaware.

  5. September 26, 2023

    BlockFi's Ch. 11 Plan Confirmed With Opt-Out Releases Intact

    A New Jersey bankruptcy judge approved the Chapter 11 plan of cryptocurrency platform BlockFi Inc. on Tuesday, overruling opposition from the Office of the United States Trustee to the releases being granted by third parties because they had the opportunity to opt out of the release provisions.

  6. September 21, 2023

    Judge Likely To Halt DOJ Quest For Ch. 11 BlockFi Seizure

    A New Jersey bankruptcy judge has said he will likely block the federal government's attempts to seize money that alleged scammers deposited with BlockFi because the seizure unfairly puts the criminals' victims ahead of the fallen crypto lender's other investors.

  7. September 20, 2023

    BlockFi Whittles FTX Ch. 11 Claim From $5B To $500M

    Bankrupt cryptocurrency lender BlockFi has been negotiating with fellow bankrupt crypto fintech firms FTX and Three Arrows Capital over the size of their potential claims, reducing FTX's roughly $5 billion of asserted claims to less than $500 million so far, attorneys said in a New Jersey bankruptcy court Wednesday.

  8. September 14, 2023

    FTX Says BlockFi Trying To Dodge Claims In Ch. 11 Plan

    Bankrupt cryptocurrency exchange FTX is asking a New Jersey bankruptcy judge to reject the proposed Chapter 11 plan of bankrupt crypto platform BlockFi, saying the company is unfairly seeking to dodge its more than $483 million in claims.

  9. August 30, 2023

    Feds Seek Full BlockFi Deposits Of Alleged Scammers

    Counsel for the federal government told a New Jersey bankruptcy judge federal prosecutors should be allowed to seize the full amount a pair of alleged scammers deposited with BlockFi, even if other depositors will be receiving less in the crypto platform's Chapter 11 case.

  10. August 25, 2023

    FTX, BlockFi, Genesis Claimant Data Breached In Cyberattack

    Claims and noticing agent Kroll LLC announced on Friday that cybercriminals have exposed data belonging to claimants in the FTX, BlockFi and Genesis Global Holdco bankruptcies following a "highly sophisticated" cyberattack directed against Kroll employees.