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New Jersey-based Cryptocurrency Lender BlockFi files for Chapter 11 Bankruptcy

Cryptocurrency BlockFi Files For Bankruptcy SEC Listed As A Creditor 2702546199

the staff of the Ridgewood blog

Ridgewood NJ, Cryptocurrency lender BlockFi, last valued at $4.8B, filed for Chapter 11 bankruptcy yesterday, following this month’s collapse of cryptocurrency exchange FTX and its sister firm Alameda Research. BlockFi has more than 100,000 creditors, with the largest 10 creditors alone owed nearly $1.2B, including $30M owed to the US Securities and Exchange Commission, according to filings.

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Founders of Now Defunct Crypto Hedge Fund Three Arrows Capital (3AC) Have Gone Missing

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the staff of the Ridgewood blog

Ridgewood NJ, the founders of Three Arrows Capital (3AC) are nowhere to be found. Liquidators are having trouble finding them and they have not received any meaningful cooperation from the two founders.

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New Jersey Bureau of Securities Orders Cryptocurrency Company ‘Voyager Digital’ to Stop Offering and Selling Interest-Bearing Accounts

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the staff of the Ridgewood blog

Jersey City NJ, Acting Attorney General Matthew J. Platkin today announced that the New Jersey Bureau of Securities has issued a Summary Cease and Desist Order to stop a Jersey City-based financial services company from selling unregistered securities in the form of interest-earning cryptocurrency accounts that have raised at least $5 billion nationwide.

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