BlockFi to File Assets and Liabilities for Bankruptcy Case on Jan. 11th

Crypto lending firm BlockFi announced it will disclose information on its assets and liabilities as well as payments received prior to its bankruptcy filing in November.

BlockFi said it had filed a presentation for its stakeholders detailing plans for future court filings and a rundown of the bankruptcy proceedings. According to the lending firm, the company reached out to 106 potential buyers shortly after its first bankruptcy hearing in November and will ask for the court’s approval regarding the bidding process on Jan. 30.

BlockFi said it planned to file its assets and liabilities, along with a statement of financial affairs on Jan 11. The announcement followed the United States Department of Justice notifying the court handling the BlockFi bankruptcy that it had seized more than 55 million shares of Robinhood. BlockFi was one of the parties claiming rights to the shares given certain financial ties to FTX.

Source

Lending

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