BlockFi

BlockFi begins operating

BlockFi began operating as a crypto lender and later became known for interest accounts and lending products.

Launch date is approximate.

No direct evidence linked to this event yet.

Interest account product becomes central

BlockFi's interest account product became one of the most visible centralized crypto yield offerings.

Product history should be expanded later.

No direct evidence linked to this event yet.

SEC settlement over BlockFi Interest Accounts

BlockFi agreed to a settlement with the SEC and state regulators related to its interest account product.

Important terms and regulatory risk event.

Platform activity limited after FTX collapse

BlockFi paused or limited activity after the collapse of FTX and related uncertainty over exposure.

Failure-chain event linked to FTX exposure.

Chapter 11 bankruptcy filed

BlockFi and affiliated debtors filed for Chapter 11 bankruptcy protection after FTX-related disruption.

Main bankruptcy event.

BlockFi emerges from bankruptcy

BlockFi announced that it had emerged from bankruptcy and would proceed with wind-down and recovery efforts.

Outcome remains tied to estate recoveries.

BlockFi begins estate distributions

BlockFi began distributions to customers with allowed claims through its post-bankruptcy wind-down process.

The distribution process occurred in waves and differed by account type, jurisdiction, and completed verification requirements.

Plan administrator announces 100% recovery on allowed claims

After monetizing BlockFi's FTX-related claims, the plan administrator announced capacity for a near-term final distribution equal to 100% of allowed customer and general unsecured creditor claims in petition-date dollar terms.

This was a recovery and distribution announcement, not proof that every creditor had already received payment. It refers to allowed dollarized bankruptcy claims, not restoration of the original quantity or later market value of deposited crypto assets.