Crypto asset lending and financial services platform BlockFi has filed a voluntary application for Chapter 11 Bankruptcy protection during the restructuring of its activity, thus becoming the latest victim in the sector after the collapse of FTX. According to a …
Cryptocurrency lender BlockFi Inc. is preparing a potential bankruptcy filing after halting withdrawals of customer deposits and acknowledging it has “significant exposure” to bankrupt exchange FTX, people familiar with the matter said. BlockFi paused withdrawals and limited activity on its …
(Kitco News) – Crypto lender BlockFi announced Thursday evening that they have been forced to halt withdrawals on the platform amidst the chaos of the FTX collapse. “We are shocked and dismayed by the news regarding FTX and Alameda,” they wrote in a …