A New Jersey bankruptcy court has barred BlockFi from investing in secondary financial markets, U.S. Trustee Andrew Vara said Friday. In a series of letters beginning Feb. 17, Vara, the Justice Department official in charge of bankruptcy matters, urged creditors to move the funds somewhere they would be protected by a government guarantee from the Federal Deposit Insurance Corporation (FDIC).
BlockFi has access to cash for employees, suppliers despite SVB collapse: Advocate
