BlockFi entered a $100 million settlement with the SEC and state regulators in February 2022 regarding the failure to register its BlockFi Interest Accounts (BIAs) as securities. The company subsequently filed for Chapter 11 bankruptcy in late 2022 following, which led to a, winding down process involving in-kind crypto distributions and class-action settlements. For the official SEC release on the settlement, visit SEC.gov .

BlockFi Agrees to Pay $100 Million in Penalties and ... - SEC.gov