BlockFi was a digital asset lender founded by Zac Prince and Flori Marquez in 2017.

[4] In July 2022, it was announced that the cryptocurrency exchange FTX made a deal with an option to buy BlockFi for up to $240 million.

[5][6] In November 2022, after the declaration of bankruptcy by FTX, the company halted withdrawals on its platform.

[15] In October 2023, BlockFi emerged from Chapter 11 bankruptcy and announced that it would begin winding down all of its remaining operations and assets post-bankruptcy.

BlockFi will continue to pursue payments from the bankruptcies of FTX and Three Arrows Capital during the liquidation process.