Onchain information reveals that Blockfi, a now-bankrupt crypto lending agency, acquired a hefty $250 million deposit (1, 2) to one in every of its flagged addresses, as reported by Arkham Intelligence. The information was shared on X at 12:43 p.m. EDT on Monday. “Blockfi acquired $250M in USDC from Coinbase Prime, bringing their onchain holdings as much as $300M,” Arkham posted. They adopted up by asking, “Will creditor repayments be beginning quickly?” Blockfi’s downfall was deeply related to the collapse of FTX. In response, the agency filed a Chapter 11 plan with the purpose of restructuring independently, aiming to offer prospects “as near a full restoration as potential.” With Blockfi now within the post-bankruptcy wind-down section, collectors are longing for funds to start quickly.
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