We do the research, you get the alpha!Get exclusive reports and access to key insights on airdrops, NFTs, and more! Subscribe now to Alpha Reports and up your game!Go to Alpha ReportsBankrupt crypto lender BlockFi will begin interim crypto distributions to creditors through Coinbase starting this month, the company wrote on Twitter and in a blog post.“The distributions will be processed in batches in the coming months, and eligible clients will receive a notification to the BlockFi account email on file,” the company wrote on Wednesday. “Please note that non-US Clients are unable to receive funds at this time due to the regulatory requirements applicable to them.”The news marks a significant step in BlockFi's long journey since filing for Chapter 11 bankruptcy protection in November 2022 amid the collapse of crypto exchange FTX.Founded in 2017 by Zac Prince and Flori Marquez, BlockFi quickly rose to prominence by offering high-yield interest accounts and crypto-backed loans. The company secured significant funding, including a $350 million Series D in March 2021 that valued it at $3 billion.However, trouble began brewing in July 2021 when several U.S. states issued cease-and-desist orders against BlockFi, claiming its interest accounts were unregistered securities. In February 2022, the crypto lender settled with the SEC for $100 million over its lending product.The killing blow came in November 2022, when FTX collapsed. BlockFi had substantial exposure to FTX and its trading arm, Alameda Research, with over $1.2 billion in assets tied up between them

BlockFi, the leading cryptoasset to USD lender, announced today it has raised $52.5M to expand operations. Galaxy Digital Ventures LLC, a digital curr

El 9 de mayo, BlockFi, que era una popular plataforma de préstamos de criptomonedas, anunció el cierre de su plataforma web. Se está asociando con Coinbase, un exchange de criptomonedas con sede en Estados Unidos, para gestionar y distribuir activos. Sin embargo, BlockFi aún no ha anunciado una fecha concreta de cierre. Este movimiento supone un giro significativo para BlockFi. Ha estado navegando por una situación financiera compleja desde su declaración de bancarrota bajo el Capítulo 11 a finales de 2022. ¿Qué les espera a los clientes de BlockFi?