BlockFi creditors apply for bankruptcy liquidation of BlockFi

ChainCatcher news, BlockFi creditors have filed for the liquidation of BlockFi, stating that the management, including CEO Zac Prince, has consistently delayed the progression of bankruptcy and has engaged in fraudulent activities during the process. In the submitted documents, creditors indicated that BlockFi's monthly management fees are $16 million and that it is still paying salaries to over 100 people, many of whom "do almost nothing except play golf." (CoinDesk)