2023-01-31 06:52:47

New Jersey Court Allows BlockFi to Sell Crypto Mining Assets

On January 30, a New Jersey Bankruptcy Court allowed the bankrupt crypto lender BlockFi to sell off its crypto mining assets as part of ongoing efforts to repay its creditors. A court document stated that the approval for BlockFi to sell its assets was on the grounds that it was “fair, reasonable, and appropriate under the circumstances.” BlockFi Allowed to Sell Crypto Mining Assets The court acknowledged the sale of the assets is “designed” to maximize the recovery and “realizable value” of the company. The document stated “all qualified bids” must be sent to the parties specified in the bidding procedures by The post New Jersey Court Allows BlockFi to Sell Crypto Mining Assets appeared first on Cryptoknowmics-Crypto News and Media Platform .

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