BlockFi is in chapter 11 in New Jersey with the supplied record showing a case that began as a liquidity and contagion-driven restructuring rather than a packaged plan or sale process, and no current plan, sale, DIP, or hearing milestone is included in the context pack. The debtors filed voluntary chapter 11 petitions on November 28, 2022, opening the main case before Judge Michael B. Kaplan and preserving the exclusive plan-filing runway set out in the voluntary petitionDkt. 1.

The filing followed stress in BlockFi’s digital-asset lending and trading business after exposure to FTX-related counterparties became a core restructuring issue. The first-day declaration describes BlockFi as a digital-asset financial services platform with retail and institutional products, including interest-bearing accounts, crypto-backed lending, and trading, operating through licensed subsidiaries across multiple jurisdictions; it also identifies a prepetition $275 million unsecured revolving credit facility owed to West Realm Shires Inc., doing business as FTX US, bearing 5.00% fixed interest payable at maturity and maturing June 30, 2027, in the Renzi first-day declarationDkt. 17.

On the available docket-backed record, the case posture is therefore best understood as a chapter 11 platform built to stabilize BlockFi after the digital-asset market dislocation and FTX-linked credit exposure, with the restructuring path not yet evidenced in the provided materials by a confirmed plan, sale order, postpetition financing package, or near-term hearing calendar.