BlockFi Inc.
Filed for Chapter 11 after its exposure to FTX and Alameda Research followed a year of regulatory penalties.
Creditor process: Chapter 11 plan confirmed in October 2023 providing for a full wind-down, with claims against Three Arrows Capital and the FTX estate pursued for the benefit of creditors. Distributions have been partial.
Compliance snapshot
- Ceased operations November 2022 — Chapter 11
- USD 100 million settlement with the SEC and state regulators in February 2022
- Yield account found to be an unregistered securities offering
- Wind-down plan confirmed October 2023
Defunct since 2022. Its yield product was found to be an unregistered securities offering, and the company failed months later with partial creditor recoveries.
Licenses & registrations
No licence or registration on file. The provider ceased operations before any authorization under the current regime.
Reputation
Verified reputation data is unavailable
The ratings on file are illustrative and have no source URL or collection date. A verified source and review date are needed before scores can be displayed here.
- Customer reviews
- Source needed. A direct review-platform source and collection date are needed.
- App Store & Google Play
- Source needed. Verified store listings and collection dates are needed.
- Press sentiment
- Source needed. A dated source set and calculation method are needed.
Recent press
- 2023-10-03BlockFi wind-down plan confirmed by US bankruptcy courtNeutral
Reuters — The plan preserves claims against Three Arrows Capital and the FTX estate.
Incidents & enforcement
- 2022-11-28Enforcement
Chapter 11 filing citing exposure to FTX and Alameda Research.
- 2022-02-14FineUSD 100 million
Settlement with the SEC and state regulators over the BlockFi Interest Account, offered as an unregistered security.
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Profile last reviewed 2 Sept 2026 (2026-09-02)