BlockFi Inc. Bankruptcy Proceedings Reach Key Milestone in Third Circuit Court of Appeals
Philadelphia, PA – September 10, 2025 – The Court of Appeals for the Third Circuit has issued a significant ruling in the ongoing bankruptcy proceedings of BlockFi Inc., et al., case number 24-2637. The publication of this decision marks a crucial development for the cryptocurrency lending platform and its numerous creditors, shedding light on important legal interpretations within the complex landscape of digital asset bankruptcies.
The decision, published today, addresses key legal questions that have arisen during BlockFi’s restructuring efforts. While specific details of the ruling will be thoroughly examined by legal professionals and stakeholders involved, its issuance by the Third Circuit signals a step forward in clarifying the legal framework applicable to such cases.
BlockFi Inc. filed for Chapter 11 bankruptcy protection in November 2022, following a period of significant market volatility and the collapse of several major cryptocurrency entities. Since then, the company has been engaged in a comprehensive process to address its debts and assets, aiming to provide a recovery for its creditors. This bankruptcy case has been closely watched by the wider cryptocurrency industry due to its implications for the treatment of customer assets and the unwinding of complex financial arrangements.
The Third Circuit Court of Appeals plays a vital role in reviewing decisions from bankruptcy courts within its jurisdiction. Rulings from this esteemed court often set precedents and provide essential guidance for future cases, particularly in areas of law that are still evolving, such as those involving digital assets.
Creditors and other parties with an interest in the BlockFi bankruptcy are encouraged to consult with their legal counsel to fully understand the implications of this newly published opinion. The precise nature of the ruling, whether it affirms, reverses, or modifies lower court decisions, will have a direct impact on the distribution of assets and the overall trajectory of the bankruptcy proceedings.
As the BlockFi bankruptcy case continues, this decision from the Third Circuit Court of Appeals represents a significant milestone. It underscores the ongoing efforts to navigate the complexities of digital asset finance within established legal structures and provides further clarity as the process moves towards its eventual conclusion.
24-2637 – In re: BlockFi Inc., et al
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