BlockFi files for bankruptcy
November 28, 2022
https://web3isgoinggreat.com/?id=blockfi-files-for-bankruptcy
From the bankruptcy filing (https://www.courtlistener.com/docket/66497849/blockfi-inc/)
The list of largest unsecured creditors is topped by Ankura Trust (owed ~$729 million), who acts as the trustee for BlockFi's interest-bearing crypto accounts.
Second is FTX US, with a $275 million loan.
Fourth is the SEC, to whom they still owe $30 million.
There are 46 unnamed parties listed, also, each with more than $1 million in unsecured claims.
Kirkland & Ellis continuing to make out like bandits this year with all the bankruptcy filings.
They're also working both the Celsius and Voyager bankruptcy cases.
Maybe this is a less common turn of phrase than I thought... I am not calling Kirkland & Ellis bandits.
