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SmartFi
SmartFi was a platform for earning, trading, and borrowing cryptocurrency. The company is closing its portal and has filed for Chapter 11 bankruptcy.
Salt Lake City, USA
Description
SmartFi, a DBA of Power Block Coin LLC, is a financial technology company registered as a USA Money Service Business (MSB) with FinCEN. Its services include crypto-backed loans, interest-bearing accounts, and a cryptocurrency exchange, utilizing its native SMTF Token. On June 20, 2024, SmartFi filed for Chapter 11 bankruptcy in the United States Bankruptcy Court for the District of Utah. The company has announced the closure of its portal, and customer token balances are subject to these proceedings. The company aims to reorganize its business, restructure liabilities, and continue operating its platform to offer technology-driven financial products.Grant Funding
VC Funding
None
2021
$0
$10M