• BLOCKFI NEW UPDATE FOR FEBRUARY 2023 | CUSTOMER WITHDRAWALS!

  • Jan 30 2023
  • Length: 10 mins
  • Podcast

BLOCKFI NEW UPDATE FOR FEBRUARY 2023 | CUSTOMER WITHDRAWALS!

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  • Summary

  • A new report from CNBC.com shows that BlockFi had over 1.2 million tied up with FTX. Almost half of Blockfi’s assets were tied to FTX.  

    The lawyers for Celsius said the bids were lowball, and they didn’t consider selling the assets. Instead, they are trying to create an equity offering, so creditors get equity in the mining company, similar to what Simon Dixon proposed in the summer. There would be a fund that would have access to all litigation recovery, and the recovery token could pay dividends.  

    Celsius said they would not apply for licenses, so they need to find a partner to help facilitate the reorganization.
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