Amid The SVB Crisis, Attorney For Blockfi Describes the Crypto Lender As ‘Safe’

Amid The SVB Crisis, Attorney For Blockfi Describes the Crypto Lender As 'Safe'

A bankruptcy counsel for BlockFi argues that the cryptocurrency lender is secure and in no imminent danger, even though Silicon Bank has been exposed as a potential risk. Christine Okike, the attorney for the troubled corporation in New Jersey, indicated that the business has adequate finances to maintain normal operations even if it is currently … Read more

BlockFi Had Uninsured $227 Million in Silicon Valley Bank!

BlockFi Had Uninsured $227 Million in Silicon Valley Bank!

According to published reports, BlockFi also owns $227 million in the bankrupt Silicon Valley Bank, which was not covered by insurance. As the drama surrounding the closing of Silicon Valley Bank unfolds (1) more, other victims are coming to light. Circle, the company responsible for the widely used USDC stablecoin, was the first to suffer … Read more