Silvergate to return $9.85M deposit to BlockFi

The two companies set up a reserve agreement prior to the latter's bankruptcy.
The company had earlier laid off 20% of its workforce amidst industry headwinds in the summer of 2022.
Here is a timeline of the major crypto bankruptcies in the past six months.
In its bankruptcy filing, BlockFi claimed more than 100,000 creditors, and liabilities ranging from $1 billion to $10 billion.
Binance CEO Changpeng Zhao said the exchange will launch a crypto recovery fund to reduce the impact of the FTX collapse.
The business claimed that it was unable to conduct business as usual due to “a lack of clarification on the status of FTX.com, FTX US, and Alameda.”
The U.S. central bank is expected to again hike rates by 75 basis points on Wednesday.
Several top-tier crypto lending platforms have found themselves in a pickle lately. BlockFi is affected by the recent bankruptcy filing ...
Launching on the Polygon network, the LifeChain platform is intended to vastly reduce occurrences of fraud within the U.S healthcare system.