The choice, which is topic to a chapter court docket’s approval, comes after a DFPI investigation discovered the now-bankrupt crypto lender “failed to supply well timed notification” to debtors that they might cease repaying their loans after the corporate had paused withdrawals on its platform. In consequence, BlockFi’s California debtors remitted a minimum of $103,471 price of mortgage repayments to the lender’s servicer.
