{"id":137432,"date":"2024-09-18T14:30:52","date_gmt":"2024-09-18T11:30:52","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=137432"},"modified":"2024-09-18T13:30:59","modified_gmt":"2024-09-18T10:30:59","slug":"blockfi-sets-new-standard-for-bankruptcy-transparency","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/blockfi-sets-new-standard-for-bankruptcy-transparency\/","title":{"rendered":"BlockFi Sets New Standard for Bankruptcy Transparency"},"content":{"rendered":"
BlockFi\u2019s case has been praised for its clarity and efficiency, with the company providing detailed reports on its assets, which helped expedite the process.<\/p>\n
In contrast, FTX is still navigating some challenges, with a critical hearing for its reorganization plan expected next month. Although creditors have supported the plan, it’s not without controversy, and FTX\u2019s bankruptcy could be settled by the end of the year.<\/p>\n
BlockFi, on the other hand, is in the final stages of its bankruptcy process, with its plan already confirmed. Legal experts have pointed to BlockFi’s transparency as a model for future cases, contrasting it with FTX’s more opaque handling. Both companies faced disputes over how to repay creditors\u2014whether in cash or cryptocurrency.<\/p>\n