WisconsinLiberty
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Crypto Lender BlockFi Files for Bankruptcy as FTX Fallout Spreads
BlockFi was entangled with FTX, and its stability was thrust into uncertainty after FTX collapsed.
NY Times
Nov. 28, 2022
Crypto lender BlockFi files for bankruptcy in New Jersey
Reuters
Nov. 28, 2022
Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest crypto casualty to follow the spectacular collapse of the FTX exchange earlier this month.
The filing in a New Jersey court comes as crypto prices plummet, with bitcoin down more than 70% from a 2021 peak.
New Jersey-based BlockFi had links with FTX, which filed for protection in the United States earlier in November after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal.
...
BlockFi was entangled with FTX, and its stability was thrust into uncertainty after FTX collapsed.
NY Times
Nov. 28, 2022
Crypto lender BlockFi files for bankruptcy in New Jersey
Reuters
Nov. 28, 2022
Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest crypto casualty to follow the spectacular collapse of the FTX exchange earlier this month.
The filing in a New Jersey court comes as crypto prices plummet, with bitcoin down more than 70% from a 2021 peak.
New Jersey-based BlockFi had links with FTX, which filed for protection in the United States earlier in November after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal.
...
