Bitfarms seeks to modify its Washington state debt facility
Bitfarms and its subsidiaries have $47 million of outstanding indebtedness, including $20 million indebtedness under the BlockFi loan.
Bitfarms and its subsidiaries have $47 million of outstanding indebtedness, including $20 million indebtedness under the BlockFi loan.
Silvergate says its deposit relationship with BlockFi is limited to less than $20 million of its total deposits from all digital asset customers.
BlockFi has more than 100,000 creditors, and liabilities and assets ranging from $1 billion to $10 billion.
To settle the SEC’s charges, BlockFi agreed to pay a $50 million penalty, and further $50 million in penalties to settle similar charges in 32 states.
Texas State Securities Board has published a notice of a hearing against BlockFi over its cryptocurrency interest-earning accounts.
New Jersey Bureau of Securities orders cryptocurrency company ‘BlockFi’ to stop offering interest-bearing accounts.