Bankrupt crypto lender BlockFi announces plans to shut down its web platform in May and partners with Coinbase to allow clients to access and withdraw funds
Amaka Nwaokocha / Cointelegraph :
Bankrupt crypto lender BlockFi announces plans to shut down its web platform in May and partners with Coinbase to allow clients to access and withdraw funds
The plan administrator will continue to use Coinbase for upcoming distribution rounds, potentially involving recovered funds from FTX.
BlockFi says the lending platform has emerged from bankruptcy and begun the process of repaying its creditors according to the terms of its bankruptcy plan
Fallen crypto lending firm BlockFi announced on Tuesday that it has “emerged” from bankruptcy, making its bankruptcy recovery plan effective as of October 24.
Hackers access some customer data at FTX, Genesis, and BlockFi by SIM swapping an employee of Kroll, which manages creditor claims for the bankrupt companies
We were recently informed that on Saturday, August 19, 2023 … Bill Toulas / BleepingComputer : Kroll data breach exposes info of FTX, BlockFi, Genesis creditors Pierluigi Paganini ...
FTX, Genesis, and BlockFi customer data is compromised after a SIM swap against an employee of Kroll, which manages creditor claims for the bankrupt companies
A ‘cybersecurity incident’ affected Kroll, which gathers customer claim data on behalf of bankrupt companies. — Register Now
In a bankruptcy hearing, BlockFi's lawyers say the lender plans to reopen withdrawals, BlockFi lent $671M to Alameda and has $355M frozen on FTX, and more
but let's just say it *helps* when FTX & BlockFi are no longer market dumping our every BTC/ETH deposit to prop up their fraudulent schemes. Layah Heilpern / @layahheilpern : Just ...
FTX claims it has been hacked, and instructs users not to install new upgrades or go to FTX.com and to delete FTX apps, after $600M+ in crypto left FTX wallets
FTX officials appeared to confirm rumors of a hack on Telegram, instructing users to delete FTX apps and avoid its website.
BlockFi pauses withdrawals and asks users not to deposit to its wallet or interest accounts, saying it can't operate normally amid a “lack of clarity” about FTX
Nikhilesh De / CoinDesk :
[Thread] FTX CEO Sam Bankman-Fried apologizes, says he “fucked up” and his priority is “doing right by users”, plans to raise funds and close Alameda, and more
1) I'm sorry. That's the biggest thing. I fucked up, and should have done better.