Blockfi chapter 11 reddit
WebBlockFi has filed Chapter 11 and that is managed by Kroll. Recently they opened a portal to show what they own creditors. Me, as depositor of Bitcoin is listed as a creditor. They list …
Blockfi chapter 11 reddit
Did you know?
WebIt should be noted that many popular Bitcoin influencers pushed BlockFI and Celsius as viable yield generating income with Bitcoin. This is all a failure of poor risk management and lack of disclosure behind private … WebWill 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 they might delay it to Wednesday. The sneak was last Thursday, Nov 10. Paused withdrawals, shut down computers, left office.
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 ... WebCrypto lender BlockFi which suspended withdrawal on its platform following the liquidity crunch of FTX has filed for bankruptcy. On Monday 28th January, the ailing crypto …
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 … WebAuction for Blockfi Platform Assets Adjourned (from Today to TBD) Discussion. "The Debtors believe additional time is necessary to evaluate bids, and if necessary, hold an Auction to determine the best bid for the …
WebReddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. ... r/blockfi • by Fishymotto. If bitcoin keeps going up, will blockfi potential come out of …
Webtldr; 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 … extension cord pinkWebMissing 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 ... extension cord picsWebPlease note that if BlockFi files for bankruptcy, it is likely being done to protect themself from legal action from creditors (i.e. people who have funds on the platform but cannot withdraw). There are two main types of bankruptcy, in the US, Chapter 11 gives them time to attempt to restructure and Chapter 7 is liquidation. extension cord pantherWebIf 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 ... extension cord plug cover waterproofWebOn December 05, 2024 MONTANA TUNNELS MINING, INC. dba MONTANA TUNNELS MINING filed for chapter 11 protection in the District of Montana (Case No. 22-20132). The Debtor reports Assets of $10M … buckboard\\u0027s 3wWebReddit iOS Reddit Android Reddit Premium About Reddit Advertise Blog Careers Press. ... Blockfi Files for Chapter 11 Bankruptcy. businesswire. comment sorted by Best Top … buckboard\u0027s 3sWebNov 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% buckboard\\u0027s 3t