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BlockFi Says Hong Kong-Based Lender Ran Off With $6M

By Aislinn Keely · July 11, 2023, 7:48 PM EDT

Bankrupt crypto lender BlockFi has sued a Hong Kong firm seeking $6 million stemming from collateral it posted for a loan, claiming the firm violated bankruptcy procedures by liquidating the sum...

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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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Documents

Related Sections

Case Information

Case Title

BlockFi Inc.

Case Number

3:22-bk-19361

Court

New Jersey

Nature of Suit

Date Filed

November 28, 2022

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