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SEC Shelves 30 Million Penalties for Failed Crypto Platform for Investors!

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The US Securities and Exchange Commission (SEC) has for now waived a $30 million loan from bankrupt crypto lending platform BlockFi.

SEC Thursday, June 22 day to court BlockFi made an important application for In its application to the SEC, BlockFi users until they complete their payment. From the $ 30 million he will receive from the platform for now He stated that he had given up.

The debt in question was the SEC’s cut to BlockFi in the past period. 50 million dollars due to punishment. The SEC fined BlockFi for selling illegal crypto loan products. your debt 20 million of paying BlockFi, remaining 30 million of could not pay.

Former SEC official Howard Fischer In the statement made in those days, the regulator said that the institution is about to get this money back. will not act as aggressively as in other cases. had stated.

BlockFi, in line with the collapse of cryptocurrency exchange FTX in November 2022 had filed for bankruptcy.

BlockFi has presented a restructuring plan for the bankruptcy court hearing next July. Bankrupt platform, cryptocurrency exchange FTX and its subsidiary Alameda Researcherfrom More than $1 billion in creditors suggests it is.

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