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BlockFi Emerges from Bankruptcy
BlockFi is pleased to announce that its bankruptcy plan (the “Plan”) is effective and the company has emerged from bankruptcy as of October 24, 2023 (the “Effective Date”). BlockFi’s management, advisors and other stakeholders worked diligently over the past 11 months to reach this critical milestone. We are proud to say that BlockFi reached its Effective Date more quickly and efficiently than many other retail crypto companies. What is Emergence? After Emergence, BlockFi can officially begin enacting the actions detailed in the Plan, including repaying its creditors according to the terms of the Plan. As a ... (full story)