Compartir este artículo
BlockFi Receives Cease and Desist Order From New Jersey Attorney General
BlockFi CEO Zac Prince said his platform remains "fully operational" for its existing client base in New Jersey.
Crypto lending platform BlockFi has received an order from New Jersey's acting attorney general (AG) to halt its Interest Account (BIA) operations in the U.S. state.
STORY CONTINUES BELOW
No te pierdas otra historia.Suscríbete al boletín de Crypto Daybook Americas hoy. Ver todos los boletines
- BlockFi CEO Zac Prince confirmed his company had received the order late Monday.
- Prince said BlockFi remains "fully operational" for its existing clients in New Jersey and that all aspects of the platform continue to be accessible for its clients in the state.
- CoinDesk contacted Prince, who declined to comment further.
- The acting AG's order requests BlockFi to stop accepting new BIA clients residing in New Jersey beginning July 22, 2021, Prince confirmed in a tweet.
- "We will continue to engage with all relevant authorities to protect our clients’ interests and ensure that our products remain available," said Prince.
Late Monday evening BlockFi received an order from the New Jersey Bureau of Securities regarding BlockFi Interest Account (BIA) operations in the State of New Jersey.
— Zac Prince (@BlockFiZac) July 20, 2021
(thread)
- Having just started the job on Monday, Acting Attorney General Andrew Bruck appears to be setting the tone of his new role.
- The order is the latest headache for the embattled lender that, in May, incorrectly deposited and then tried to reverse excessive amounts of bitcoin to users’ accounts.
- The order states that BlockFi held $14.7 billion through BIA sales as of March 31.
- BlockFi was also hit by an attacker spamming its platform with fake sign-ups and abusive language in March.
Read more: BlockFi Rate Cut on Bitcoin Deposits Leaves Rivals Scratching Heads
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Coinbase Sees Crypto Recovery Ahead as Liquidity Improves and Fed Rate Cut Odds Climb
The crypto exchange also took note of a so-called AI bubble that continues to go strong and a weaker U.S. dollar.
What to know:
- Coinbase Institutional is seeing a potential December recovery in crypto, citing improving liquidity and a shift in macroeconomic conditions that could favor risk assets like bitcoin.
- The firm's optimism is driven by rising odds of Federal Reserve rate cuts, with markets pricing in a 93% chance easing next week, and improving liquidity conditions.
- Several recent institutional developments, including Vanguard's crypto ETF policy reversal and Bank of America's greenlighting of crypto allocations, have contributed to bitcoin's rebound from recent lows.
Top Stories
