• Written by: (Blockchain News
• Sat, 22 Apr 2023
•   Hong Kong

BlockFi, a cryptocurrency lender, has been granted a 48-day extension until May 15 to submit a bankruptcy exit plan. The company is exploring a potential sale of assets or an outside backer to support a restructuring deal. A committee of BlockFi customers argued to take control of the case, citing the lack of a workable business for reorganization and the potential sale of the platform. However, the bankruptcy judge granted a shorter extension than requested by BlockFi. (Read More)

BlockFi Granted Extension to Submit Bankruptcy Exit Plan