Summary:

Crypto lending firm Blockfi, which recently filed for bankruptcy, received a $250 million deposit from Coinbase Prime, according to onchain data reported by Arkham Intelligence. This brought Blockfi's onchain holdings to $300 million. The news was shared at 12:43 p.m. EDT on Monday. Blockfi's downfall was tied to the collapse of FTX, and the firm has filed a Chapter 11 plan to restructure independently and provide customers with a near full recovery. Creditors are now awaiting payments as Blockfi enters the post-bankruptcy wind-down phase.



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