BlockFi $100m Fine And Most Expensive CryptoPunk NFT Sold For $23.7M

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Last Updated on 13 February 2022 by CryptoTips.eu

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BlockFi, the well-known crypto lending platform where you can receive interest on your crypto, may have to pay $100 million to the Securities and Exchange Commission and state regulators. The NFT madness hasn’t cooled off either, today CryptoPunk #5822 was sold for almost $24 million in Ethereum.

Advertentie.

Fine for BlockFi

The exact amount will probably be announced next week, but according to Bloomberg it will be about $100 million. Of this, $50 million must be paid to the SEC and $50 million to various states. This would be the highest fine for a crypto company in America. New US users will no longer be allowed from now on.

BlockFi offers crypto interest rates of up to 9.25% and has more than 1 million users.

BlockFi spokesperson Madelyn McHugh reports:

We can confirm that clients’ assets are safeguarded on the BlockFi platform and BlockFi Interest Account clients will continue to earn crypto interest as they always have.

Most expensive CryptoPunk NFT sold for $23.7 Million

Today the most expensive CryptoPunk NFT has been sold for a whopping 8000 ETH. Chain CEO, Deepak Thapliyal aka Deepak.eth, is behind this purchase and says he was able to purchase it using CompoundFinance.

Earlier in 2017, this NFT was sold for 8 Ether, and there have been multiple bids of millions of dollars. There are only 9 of these Alien CryptoPunks available.