Filing follows weeks after FTX collapse FTX listed as BlockFi’s #2 creditor Bitcoin down over 70% from 2021 peak Nov 28 (Reuters) – Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the industry’s latest casualty after the company was hit by the exposure to the dramatic collapse of the FTX …
Crypto lender BlockFi files for bankruptcy, cites exposure to FTX Read More »
New York CNN Business — Crypto lender BlockFi filed for bankruptcy on Monday, becoming the latest victim of the financial contagion triggered by the collapse of Sam Bankman-Fried’s empire. BlockFi announced earlier this month that it had halted withdrawals, citing “significant exposure” to Bankman-Fried’s FTX exchange, as well as its sister hedge fund Alameda. FTX, …
BlockFi Files For Bankruptcy As FTX Contagion Grips Crypto Markets | CNN Business Read More »
BlockFi, a cryptocurrency lender that targeted mainstream investors hungry for a piece of the crypto mania, filed for bankruptcy on Monday, battered by its financial ties to FTX, the beleaguered exchange whose recent slump has rattled the market. crypto industry at its heart. Based in Jersey City, NJ, BlockFi primarily marketed itself to retail investors, …
Crypto Lender BlockFi Files For Bankruptcy As FTX Fallout Spreads Read More »
