Blockfi plans to sell loans wealth – Bits Media

The bankrupt cryptocredient announced the sale of his loans for $160 million, The last day to submit offers from bidders - 24 january.

Loans, once taken from Blockfi, 68,000 mining machines are provided. The sale procedure was launched last year. However, the default has already been announced under some loans and, Apparently, they are not enough and it will be difficult to recover them to the buyer.

The problem is, that mining equipment, used as a collateral, Most likely it costs less, than the volume of loans. Nonetheless, The sale of debt is, In all likelihood, the only thing, What can Blockfi do now.

At the end of November, the company said, that she has more than 100,000 cars in her pledge and approximately $257 million, which managed to help out, Selling crypto assets.

23 January the company called on the court, bankruptcy, Approve the payment of bonuses to employees, to slow down the flow of dismissal. HR Director Megan Crowell (Megan Crowell) Added, what, Despite the troubled time in the industry, opportunities for the employees who left the company did not run out: "The war for talents is still going on".

At the end of December, Blockfi asked
the court to unlock user accounts and their assets, stored in the blocked crypto -shoes of the service, so that they can be withdrawn.