Bankrupt Crypto Lender BlockFi Given Go-Ahead for Sale of $4.7M of Mining Rigs

Crypto Beat
5 min readMar 27
Photo by DrawKit Illustrations on Unsplash

BlockFi, a crypto lending platform that filed for bankruptcy in late 2022, has been given the go-ahead to sell $4.7 million worth of mining rigs. The U.S. Bankruptcy Court in New Jersey, which is overseeing BlockFi’s case, approved the sale.

BlockFi’s bankruptcy filing came as a surprise to many in the crypto community, as the…

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