Company Information

Get to know Block Financial Resources LLC NMLS ID 132830

Block Financial Resources, LLC, widely known by its operating name BlockFi, was a financial services company founded in 2017 to provide wealth management products for cryptocurrency holders. Its core services included offering interest-earning accounts on cryptocurrency deposits and providing US dollar loans collateralized by crypto assets, aiming to bridge the worlds of traditional finance and blockchain technology. Following significant market turmoil and exposure to the collapsed FTX exchange, BlockFi halted client withdrawals in November 2022 and subsequently filed for Chapter 11 bankruptcy to stabilize the business. The company is now in a non-operational state, focused on winding down and distributing its remaining assets to clients and creditors as part of its confirmed bankruptcy plan.

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Financial Other Service

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Block Financial Resources LLC NMLS ID 132830

United States

Founded in

2008 (18 Years)

Founded

Last online: No recent activity

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Regulated

Recommended

(74 reviews)

Cyprus

2009

(17 years)

Security Information :

CySEC

FSCA

DFSA

Security Information

Warning

This company is currently Unproved.

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License

A Grade License

Issued by globally renowned regulators, these licenses ensure the highest trader protection through strict compliance, fund segregation, insurance, and regular audits. Dispute resolution and adherence to AML/CTF standards further enhance security.

B Grade License

Granted by respected regional regulators, these licenses offer robust safety measures such as fund segregation, financial reporting, and compensation schemes. Though slightly less strict than Tier 1, they provide dependable regional protection.

C Grade License

Issued by regulators in emerging markets, these licenses offer basic protections such as minimum capital requirements and AML policies. Oversight is less stringent, so traders should exercise caution and verify safety measures.

D Grade License

From jurisdictions with minimal oversight, these licenses often lack key protections like fund segregation and insurance. While attractive for operational flexibility, they pose higher risks to traders.

TrustFinance is not a licensed financial advisor and is not affiliated with any financial institutions in your region. We encourage you to do your own research before making any investment decisions.