2 months ago
1 min read
Bankrupt BlockFi moves around $50 million in digital assets
According to reports, Bankrupt BlockFi moved almost $50 million worth of digital assets to the crypto exchange Kraken, including a substantial position in Chainlink (LINK). The transfer of around 2.4 million LINK tokens, worth over $48.37 million, has generated debate about the possible future price impact. Bankrupt BlockFi transferred its LINK holdings to Kraken recently, along with tokens like UNI, AVAX, and MATIC, according to on-chain monitor EmberCN. This move is a step in the liquidation process, as the company’s bankruptcy case is still pending. In September 2023, BlockFi received court approval to begin client repayments as part of its
