Bankrupt crypto lender BlockFi’s executives remember now now not withdrawn any of their remember crypto held on the platform, attorneys suggested a chapter court on Monday.

In the second hearing of BlockFi’s Chapter 11 chapter lawsuits reported by CoinDesk, the agency’s attorneys suggested the court that an “predominant takeaway” from the issue was as soon as that insiders did now now not pull money off the platform on the eve of its chapter submitting.

“So here’s now now not the Celsius case where administration extracted value on the eve of the file,” acknowledged Joshua Sussberg, a accomplice at Kirkland & Ellis, the legislation agency representing BlockFi. Curiously, Kirkland & Ellis also represents Celsius in its remember chapter lawsuit.

Sussberg referenced $15 million worth of withdrawals made in August by five senior executives at BlockFi, of which $6 million was as soon as withdrawn by CEO Zac Prince, announcing that this amount was as soon as ragged to take a look at litigation. Reuters reported that the settlement was as soon as associated to a lawsuit over the firm’s equity value within the summertime of 2022.

Sussberg suggested the court that no member of BlockFi’s administration crew withdrew any crypto after Oct. 14, which was as soon as smartly over a month earlier than the agency filed for chapter. He also stated that the executives had now now not withdrawn an amount greater than 0.2 BTC after Aug. 17.

BlockFi plans to file its agenda of sources and liabilities and a statement of business affairs on Jan. 11, the firm acknowledged in a Twitter update.

“The filings appreciate recordsdata on BlockFi’s sources and liabilities, and show particular funds made by BlockFi to insiders and other parties sooner than the chapter submitting,” acknowledged BlockFi.

In a preview of its sources and liabilities statement shared with traders in a presentation on Monday, BlockFi acknowledged its administration teams withdrawals accounted for 0.15% of the $7.7 billion worth of retail withdrawals processed in 2022.