Category: liquidation plan

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Crypto lender BlockFi gets court nod for plan to repay customers

September 27, 2023

The approval is seen as a milestone moment for BlockFi’s 100,000-plus creditors, who have been long awaiting repayment. The customers of bankrupt cryptocurrency lending platform BlockFi are one step closer to being paid out after a United States Bankruptcy Court in New Jersey approved its liquidation plan. Bankruptcy Judge Michael A. Kaplan approved BlockFi’s third…
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Silvergate Bank Announces Voluntary Liquidation as Crypto Industry Woes Persist

March 9, 2023

At 4:30 p.m. Eastern Time, Silvergate Bank announced its intention to wind down the crypto-friendly bank’s operations and voluntarily liquidate the company’s assets. The news follows significant financial troubles the bank faced, and the firm’s stock plummeted in value. Details of Silvergate’s Wind Down and Liquidation Plan Over the last six months, Silvergate Capital Corporation’s…
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