BlockFi Appeals Sam Bankman-Fried Investment Firm’s Bankruptcy Filing

Bankrupt crypto lending platform BlockFi has requested that Sam Bankman Fried’s (SBF) Caribbean-based investment firm Emergent FidelityTechnologies be denied bankruptcy filing.

The Wall Street Journal (WSJ) recently reported that BlockFi is known as SBF’s investment firm. Emergent Fidelity Technologies filing for bankruptcy rejection applied to the Delaware Court. BlockFi is part of the company’s bankruptcy filing. has no purpose While expressing this situation, Robinhood shares within the company enclosure for willful claimed to have done.

BlockFi has given it to Alameda Research, a crypto hedge fund that SBF co-founded in the past. 680 million dollars provided as collateral for a loan Claiming Robinhood shares is doing. However, the shares in Emergent are due to the company’s bankruptcy filing. cannot be used in any way.

Emergent’s liquidator A spokesperson for Quantuma In his statement on the subject, he explained who filed for bankruptcy. independent as all your protection of their rights claimed to have been made for Quantum director Tony Shukla, over Emergent’s assets in various lawsuits in the United States. partial or full many claiming payee stated there was. Shukla therefore filed for bankruptcy. fair to all creditors somehow the right able to call He said it was the best option for him.

On the other hand, Shukla said that the company was seized by prosecutors. 20.7 million dollar cash and Robinhood 7.6% of not many assets other than shares representing that there is no stating that BlockFi’s claim illogical stated that.

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