• BlockFi, a crypto lending company, announced that it plans to disclose assets, liabilities, and payments made by the platform on January 11, 2023.
• The company had previously laid off 20% of its workforce and filed for bankruptcy in November 2022.
• BlockFi has stated that it is looking to continue its open dialogue with the UCC, U.S. Trustee, and other stakeholders.
BlockFi, a crypto lending company, is set to disclose assets, liabilities, and payments made by the platform on January 11, 2023. This is in the wake of the company’s filing for bankruptcy in November of 2022.
The company had previously laid off 20% of its staff amid industry headwinds in the summer of 2022. BlockFi has stated that it is looking to continue its open dialogue with the UCC, U.S. Trustee, and other stakeholders in its chapter 11 cases.
The company has also noted that it plans to disclose its Schedules of Assets and Liabilities and Statement of Financial Affairs with the Court on January 11, 2023. This filing is expected to include payments made by BlockFi to insiders and other parties prior to the bankruptcy filing.
Although BlockFi has faced a tumultuous year, the company is still committed to providing its clients with the best financial services possible. As a result, BlockFi has stated that more information related to the Claims Process and the filing of Proof of Claims will be sent to clients in the near future.
The company also noted that it is working hard to reconcile all open accounts and establish a process to address any customer claims that may arise. The company is also in the process of restructuring in order to emerge from bankruptcy and continue to operate its business.
BlockFi is hopeful that the filing of its Schedules of Assets and Liabilities and Statement of Financial Affairs will provide its clients with the assurance that their investments are safe and secure. The company is confident that its clients will remain loyal and supportive as it works to fulfill its commitment to providing the best crypto lending services.