BlockFi Case Information

Published:

On November 28, 2022, BlockFi Inc. and 8 affiliated debtors (collectively, the “Debtors”) each filed a voluntary petition for relief under Chapter 11 of the United States Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey (Trenton). The cases are pending before the Honorable Michael B. Kaplan and are jointly administered under Case No. 22-19361.

Issues

IssueStatusDescription
wallet1resolvedAre transfers after the platform pause considered wallet?
Independent Fee Examiner2Appointed

  1. Wallet Dockets

    Docket 923 ORDER (I) AUTHORIZING THE DEBTORS TO (A) HONOR WITHDRAWALS FROM WALLET ACCOUNTS, (B) UPDATE THE USER INTERFACE TO PROPERLY REFLECT TRANSACTIONS AND ASSETS AS OF THE PLATFORM PAUSE, AND (C) CONDUCT ORDINARY COURSE RECONCILIATION OF ACCOUNTS, AND (II) GRANTING RELATED RELIEF. (Related Doc # 121).

    Docket 880 Ruling Audio

    Docket 848 Hearing on Wallet audio

    May 8, 2023 Hearing Presentation BlockFi’s Presentation used during the May 8, 2023 hearing

    Docket 842 Stipulated Facts in support of (related document:121 Motion (Generic) filed by Debtor BlockFi Inc., 822 Support filed by Debtor BlockFi Inc.) filed by Michael D. Sirota on behalf of BlockFi Inc.

    Docket 834 Objection to Ad Hoc Committee of Wallet Account Holders’ Response to Debtors’ Motion for Entry of an Order (I) Authorizing the Debtors to (A) Honor Withdrawals from Wallet Accounts, (B) Update the User Interface, and (C) Conduct Ordinary Course Reconciliation of Accounts, and (II) Granting Related Relief (related document:121 Motion re: For Entry of an Order (I) Authorizing the Debtors to (A) Honor Withdrawals from Wallet Accounts, (B) Update the User Interface to Properly Reflect Transactions and Assets of the Platform Pause, and (C) Conduct Ordinary Course Reconciliation of Accounts, and (II) Granting Related Relief Filed by Michael D. Sirota on behalf of BlockFi Inc.. Hearing scheduled for 1/9/2023 at 10:00 AM at MBK - Courtroom 8, Trenton. filed by Debtor BlockFi Inc.) filed by Deborah Kovsky Apap on behalf of Ad Hoc Committee of Wallet Account Holders.

    Docket 826 AD HOC GROUP OF ACTUAL WALLET HOLDERS’ STATEMENT IN SUPPORT OF DEBTORS’ MOTION

    Docket 824 REPLY OF THE OFFICIAL COMMITTEE OF UNSECURED CREDITORS TO THE DEBTORS’ MOTION

    Docket 822 AMENDED DECLARATION OF AMIT CHEELA, CHIEF FINANCIAL OFFICER OF BLOCKFI INC

    Docket 805 DEBTORS’ OMNIBUS REPLY IN SUPPORT OF DEBTORS’ MOTION also include chart of objection and responses ↩︎

  2. Docket 925 establishes the fee examiner authority and related procedures. ↩︎