According to Cointelegraph, the California Department of Financial Protection and Innovation (DFPI) has announced the permanent revocation of the lending license of the bankrupt cryptocurrency lending platform BlockFi. This decision was made two years after BlockFi filed for bankruptcy. DFPI suspended BlockFi's license in November 2022 and subsequently conducted a comprehensive review of the company. BlockFi has agreed to accept the revocation of its license and has committed to stopping its illegal and unsafe business practices. DFPI originally imposed a fine of $175000 on BlockFi, but considering that the company has gone bankrupt and is no longer operating, in order to prioritize the protection of consumer rights, it has decided to waive the fine. @ysd