BlockFi
https://www.crunchbase.com/organization/blockfi-incBlockFi
BlockFi was a United States–based cryptocurrency financial services company best known for offering crypto-backed loans, interest-bearing crypto accounts, and trading services. It was founded in 2017 by Zac Prince and Flori Marquez and was headquartered in Jersey City, New Jersey. (en.wikipedia.org)
Quick facts
| Item | Details |
|---|---|
| Name | BlockFi (en.wikipedia.org) |
| Founded | 2017 (en.wikipedia.org) |
| Founders | Zac Prince; Flori Marquez (en.wikipedia.org) |
| Headquarters | Jersey City, New Jersey, U.S. (en.wikipedia.org) |
| Industry | Cryptocurrency / financial services (en.wikipedia.org) |
| Website | https://blockfi.com (blockfi.com) |
| X (Twitter) account (as provided) | https://twitter.com/BlockFi (finnotes.org) |
Business and products (historical)
BlockFi marketed itself as a bridge between traditional finance and digital assets, and (prior to its wind-down) provided products such as USD loans collateralized by cryptocurrency, interest-earning accounts, and crypto trading for retail and institutional customers. (linkedin.com)
Bankruptcy and wind-down
After market turmoil in 2022 and exposure to the collapse of FTX, BlockFi filed for Chapter 11 bankruptcy protection in November 2022. (en.wikipedia.org)
BlockFi later emerged from bankruptcy on October 24, 2023 and announced it would wind down remaining operations while continuing the process of returning assets to customers. (en.wikipedia.org)
Post-bankruptcy customer distributions (notices on blockfi.com)
BlockFi’s public “Updates” postings described ongoing distribution administration. For example, an April 2, 2025 notice stated that BlockFi had announced (in July 2024) that customers would be eligible to receive 100% of the allowed dollar amount of claims, and reported that as of March 2025 nearly 97% of full distributions had been made to U.S. clients (and 43% to non-U.S. clients). The same notice urged customers with remaining distributions to complete identity verification by May 27, 2025. (blockfi.com)
Regulatory action (California)
In November 2024, the California Department of Financial Protection and Innovation (DFPI) announced it had revoked BlockFi Lending LLC’s California Financing Law license, citing multiple violations and noting BlockFi’s bankruptcy and non-operating status. (dfpi.ca.gov)
Related Bitcoin addresses:
Total 1 addresses.
| Address | Bitcoins | USD |
|---|---|---|
| Hot Wallet bc1qeskrez68qp79kjvmx5zlw32s3y9l4dscsnevsf |
$ |