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BlockFi
BlockFi, a crypto lending platform, entered Chapter 11 in 2022; the firm is now in administration under Kroll, distributing assets to creditors.
BlockFi
BlockFi was founded with operations spanning New York, Hingham, Boston, San Francisco, Cambridge, Eugene, Jersey City and Shanghai. The firm focused on crypto-backed loans and interest accounts before its bankruptcy. BlockFi's strategy centered on digital asset lending and credit products. The firm offered crypto-backed loans, interest-bearing accounts for digital assets, and a co-branded rewards credit card. Its platform served retail and institutional clients. Geographic footprint included key US hubs and Shanghai. November 2022: BlockFi filed for Chapter 11 bankruptcy protection amid the collapse of FTX and broader crypto market turmoil (per Reuters, November 2022). As of 2025, Kroll administers the case and processes distributions to creditors. The BlockFi Rewards Visa Signature Card continues to be serviced by Deserve. BlockFi's successor structure diverges from its original business model. The firm no longer operates independently or originates new business. Its chapter 11 case and distribution process mark a transition from a going-concern crypto lender to a legacy estate.
General information
Firm type
Asset Manager
Year founded
—
AUM
Undisclosed
Location
Region
North America
Country
United States
City
Jersey City
Corporate office
Jersey City, NJ, United States
Frequently asked questions
What is BlockFi's current operational status?
BlockFi is no longer operating as a going concern. The firm filed for Chapter 11 bankruptcy protection in November 2022 and is administered by Kroll, which handles creditor distributions. BlockFi's credit card program is serviced by Deserve.
Who administers BlockFi's bankruptcy case?
Kroll is the administrator of the BlockFi Chapter 11 case. Creditors can contact Kroll via email at blockfiinfo@ra.kroll.com or by phone at (888) 773-0375 (per BlockFi website).
What happened to BlockFi's Rewards Visa Signature Card?
BlockFi partnered with Deserve to service the BlockFi Rewards Visa Signature Card. Deserve handles application underwriting, card issuance, payment processing, and transaction disputes (per BlockFi website).
Is BlockFi originating new loans or accounts?
No. BlockFi is no longer accepting new deposits or originating loans. The firm's operations are limited to administering distributions to creditors through the Chapter 11 process.
Can I contact BlockFi directly?
BlockFi no longer handles direct inbound emails or phone calls. All inquiries should be directed to Kroll, the court-appointed administrator, via the contact details on the BlockFi website.
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