Creditors of BlockFi have filed to liquidate the company, accusing CEO Zac Prince of fraud and intentionally delaying bankruptcy resolution. The creditors claim that BlockFi is prolonging the case to negotiate legal releases for its senior management. Mediation has failed, and with no revenue coming in, creditors argue for liquidation.
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Creditors Seek BlockFi Liquidation
Creditors of BlockFi have filed to liquidate the company, accusing CEO Zac Prince of fraud and intentionally delaying bankruptcy resolution. The creditors claim that BlockFi is prolonging the case to negotiate legal releases for its senior management. Mediation has failed, and with no revenue coming in, creditors argue for liquidation.