Crypto lender BlockFi is granted additional time to file Chapter 11 exit plan

BlockFi, a lender of digital property, was given further time to submit a chapter exit plan by a New Jersey chapter decide in the USA on April 19.

The cryptocurrency lender filed for chapter in November 2022 and has been reportedly granted a 48-day extension till Might 15 to file an exit plan. The crypto agency is exploring a possible sale of firm property or the opportunity of getting an out of doors backer to assist a restructuring deal, BlockFi lawyer Joshua Sussberg mentioned in a listening to Wednesday.

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