BlockFi appeals to cancel bankruptcy status for SBF’s offshore investment vehicle

Consequences of the FTX scandal at the hands of its founder and former CEO, Sam Bankman Fried, continue to surface.that the bankrupt crypto lender BlockFi Inc. appealed to the United States Bankruptcy Court in Wilmington, Delaware, to strip the Chapter 11 bankruptcy protections from SBF’s offshore investment vehicle.purchase a 7.6% stake in Robinhood Markets Inc

However, a spokesperson from financial adviser Quantuma, Emergent’s liquidators, said the bankruptcy was filed to ensure protection for the rights of its creditors, “whoever they may be.” “...The [liquidators] believe that Chapter 11 protection is the only practical way to empower Emergent to defend itself, its assets and its creditors’ interests in the U.S.”

Clearly BlockFi is the ONLY reason FTX entered bankruptcy!

On Feb. 17, it was reported that bankrupt crypto lender BlockFi has appealed to the United States Bankruptcy Court in Wilmington, Delaware to strip the Chapter 11 bankruptcy protections from SBF’s offshore investment vehicle.

History will never forget these infamous companies that dealt a huge blow to crypto. Rest in non-peace FTX!

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Voyager creditors serve SBF a Subpoena to appear in court for a ‘remote deposition’A recent court filing on Feb. 18 revealed that Sam Bankman-Fried only has a matter of days to produce all required documents for the unofficial committee for the unsecured creditors of Voyager Digital Holders. Trading, stocks and investing often carry a considerable degree of risk, given the volatility of Bitcoin and some other digital currencies. If you aren't following sallyolsen_ you should be, there aren't many who have a better understanding of value investing, great TA
Source: Cointelegraph - 🏆 562. / 51 Read more »