BlockFi Plans to File Assets and Liabilities in Bankruptcy on Jan. 11

Crypto lending firm BlockFi has announced that it will disclose assets and liabilities. This includes payments received prior to the bankruptcy filing in November. Additionally, the company claims that no member of BlockFi’s management team has withdrawn any crypto from the platform since October 2022.

In a Twitter post on Jan. 9, BlockFi saidhas filed a report to stakeholders detailing plans for future court filings and a summary of the bankruptcy proceedings. The lending company stated that The company contacted 106 potential buyers shortly after its first bankruptcy hearing in November. and will seek court approval on the bidding process on Jan. 30.

especially The company claims that no members of the BlockFi management team have withdrawn any crypto from the platform since Oct. 14 or “made withdrawals worth more than 0.2 BTC at any time” after Aug. 17.

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