How much is BlockFi worth?

BlockFi is a digital asset lender founded by Zac Prince and Flori Marquez in 2017. It is based in Jersey City, New Jersey. It was once valued at $3 billion. In July 2022, it was announced that the cryptocurrency exchange FTX made a deal with an option to buy BlockFi for up to $240 million.

How many assets does BlockFi wallet support?

Unlike most leading multi-asset software wallets, BlockFi Wallet only supports a little more than 20 assets. BlockFi is a feature-rich cryptocurrency wallet and lending platform. Users can buy, sell, trade, and store 20+ digital assets directly with BlockFi’s web interface or mobile application.

What happened to BlockFi?

Defunct crypto lender BlockFi has earned court approval to sell its remaining assets. BlockFi, which let users earn interest on their deposited cryptocurrencies, fell into bankruptcy in late November 2022 due to its connection with FTX, which had previously extended the firm several lines of credit.

What happened to BlockFi's distressed assets?

Suitors for BlockFi’s distressed assets have until February 20 to make their bids following fresh approval from the bankruptcy court. BlockFi is a crypto lending firm. Image: Shutterstock Defunct crypto lender BlockFi has earned court approval to sell its remaining assets.