BlockFi Bankruptcy EXPLAINED! (Are CBDC's Unstoppable?)



As BlockFi considers bankruptcy, crypto adoption marches on; and news of another lending platform freeze broke today–one has ties to grayscale; the company that owns 11 billion in Bitcoin. In your nightly crypto news wrap-up, we bring you the top crypto stories.

What We Discuss:
0:00 Intro
0:20 Block On Lock
1:25 Market Watch
3:18 CBDC Pilot
4:06 Apple Pay Crypto
4:43 Gemini Split?

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All of our videos are strictly personal opinions. Please make sure to do your own research. Never take one person’s opinion for financial guidance. There are multiple strategies and not all strategies fit all people. Our videos ARE NOT financial advice.

Sources:
https://www.wsj.com/articles/blockfi-prepares-for-potential-bankruptcy-as-crypto-contagion-spreads-11668534824
https://decrypt.co/114761/us-banks-launch-digital-dollar-blockchain-platform-pilot
https://www.nasdaq.com/articles/is-a-blockchain-based-stock-exchange-on-the-horizon
https://twitter.com/genesistrading/status/1590391027214725120?s=46&t=vsA58E0dAApd34tI0Q_GSA
https://genesistrading.com/
https://www.kitco.com/news/2022-11-16/Genesis-freezes-lending-division-due-to-FTX-implosion-impacts-Gemini.html

#bitcoin #ethereum #crypto #news #economy #money #blockchain #blockfi

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BlockFi Bankruptcy… PONZI SCHEME or SCAMMED by FTX?



BlockFi has officially filed for chapter 11 bankruptcy in the United States, but just how bad is BlockFis bankruptcy? Was BlockFi a ponzi scheme scam, or did Zac Prince and Flori Marquez get scammed by FTX and Sam Bankman-Fried? Lets dig deeper, also sub! https://voskco.in/sub

BlockFi insolvency Discord group (not VoskCoin) – https://discord.gg/NkV6vqauBr
Join the VoskCoin Discord server to connect w/ me and others – https://voskco.in/discord
Find community over on the VoskCoinTalk forum – https://voskcointalk.com
Link to the official notice of bankruptcy – https://blockfi.com/November28-ClientUpdate

Apparently, BlockFi had no problems operating just days before they halted withdrawals, and almost a month later it has now been revealed that they need to file Chapter 11 bankruptcy. This shocking news has left many of us wondering what’s next – but the BlockFi bankruptcy publicly available documentation may help make the picture a little clearer. Let’s take a look at just how exposed BlockFi was to the FTX contagion, what their current situation looks like, and where things could be headed after this.

To be very clear, BlockFi has about a quarter billion dollars of cash on hand, unrelated to BlockFi client deposits, but here’s the issue… they are missing much more money than that which is why they cannot just use those funds to make the blockfi users whole… There’s a lot to decipher, a lot of FUD, and a bit of hope in the BlockFi bankruptcy but no, it’s not good news overall, at all, especially for those severely impacted like myself…

📃 Read the investigation threads here: 📃
BlockFi sues SBF for his stake in Robinhood – https://twitter.com/watcherguru/status/1597366870008823809?s=46&t=itlynV5P1292CvUxhz6U0A
How does BlockFi manage client funds? Web archive version – https://web.archive.org/web/20220701181928/https://help.blockfi.com/hc/en-us/articles/7015347407764-What-happens-to-my-assets-after-they-are-transferred-to-BlockFi-and-how-does-BlockFi-manage-related-risks-
Crypto bankruptcy filing index for 2022 – https://www.theblock.co/post/190354/crypto-bankruptcy-filings-from-3ac-to-blockfi
Zac and Flori from BlockFi –
https://twitter.com/BlockFiZac
https://twitter.com/FounderFlori

⏰ Timestamps ⏰
00:00 More terrible news for crypto… BlockFi bankruptcy
00:57 BlockFi bankruptcy filing key takeaways
03:12 SEC fined BlockFi $100 million!
06:00 Who are Ankura Trust? $700 million owed?!
08:58 Order of funds to be paid out
10:08 BlockFi vs SBF & FTX
12:10 BlockFi Wallet coins to be returned?
12:49 Crypto bankruptcies in 2022
14:00 Mt. Gox bankruptcy has taken 10 years!
15:00 Is BlockFi doomed?

Follow us on our official social media accounts – https://voskco.in/22

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.

#VoskCoin #crypto #blockfi #ftx #cryptonews #bearmarket #cryptocurrency #cryptocrash #sbf

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BlockFi Paused Withdrawals…Here's What Happened and What's Next



BlockFi Paused Withdrawals…Here’s What Happened and What’s Next – BlockFi was one of the most popular lending services, allowing cryptocurrency users to earn interest on their coins, until they froze their accounts after the FTX Ponzi scheme imploded… what now? Sub – http://voskco.in/Sub

SBF is a scammer, and FTX was a fraud – here’s what happened – https://www.youtube.com/watch?v=GqNdeaPVVaI
FTX collapsed, how did this ponzi scheme go so far? https://www.youtube.com/watch?v=6UqaJblBXxI

Direct link to BlockFi – www.blockfi.com
Link to BlockFi Twitter – https://twitter.com/blockfi

As FTX filed for bankruptcy along with all of its subsidiaries, the contagion of SBF and the FTX funds continues to spread. BlockFi, who were recently bailed out by FTX US with a credit line of $400m, appears to have been significantly affected by the collapse. With so much at stake, is a recovery plan in place for BlockFi, will Flori Marquez and Zac Prince be able to secure an 11th hour bailout or buyout? What is the future for this crypto lending platform, the latest BlockFi News. Here is everything I’ve been able to uncover on BlockFi and whether they seem to be a scam, if BlockFi is insolvent, or if BlockFi will be able to survive their paused withdrawals and at a minimum restore customers funds.

📃 Read the investigation threads here: 📃
Read the latest BlockFi Update (14 Nov) here –
https://blockfi.com/november-14-2022-blockfi-update

BlockFi can no longer operate as usual amidst FTX fallout – https://fortune.com/2022/11/11/ftx-collapse-blockfi-pausing-client-withdrawals/

CZ, CEO of Binance, starts a recovery fund for the crypto industry – https://www.coindesk.com/business/2022/11/14/binance-starts-recovery-fund-for-crypto-projects-facing-liquidity-crisis/

Zac and Flori from BlockFi –
https://twitter.com/BlockFiZac
https://twitter.com/FounderFlori

⏰ Timestamps ⏰
0:00 BlockFi was Affected by FTX Collapse
1:54 Flori BlockFi Co-Founder Says Everything is Fine?
2:20 Withdrawals Paused at BlockFi
4:05 BlockFi November 14 Update Breakdown
9:15 Will CZ save us with the industry recovery fund? Or is he the next SBF?
10:37 FTX Files for Bankruptcy after $10B Lost
11:10 No BlockFi in NY
11:28 Does BlockFi have insurance?
12:12 Gemini & Genesis Trading Lost $175M + Gemini Earn
13:06 Coinbase BitLicense in NY
13:14 Gemini Earn Transfer Went Through
13:50 How BlockFi Impacted VoskCoin

Follow us on our official social media accounts – https://voskco.in/22

VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make.

#VoskCoin #crypto #blockfi #ftx #cryptonews #bearmarket #cryptocurrency #cryptocrash #sbf

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