Crypto firm BlockFi files for bankruptcy as FTX fallout spreads

BlockFi Files for Bankruptcy After FTX Collapse - Washington Hispanic

Cryptocurrency lender BlockFi has called for protection from creditors due to bankruptcy, as the repercussions of the collapse of the cryptocurrency platform FTX intensify. The company, which made the request in documents filed in New Jersey, where it is based, said it has more than 100,000 creditors and liabilities of between $1 billion and $10 billion. “The request for creditor protection is a transparent process and we will continue to commun…

Crypto Lender BlockFi Files for Bankruptcy, the Latest Casualty of FTX’s Collapse

BlockFi, which struck a deal with FTX a few months ago, had previously been ranked as the fastest growing private company in 2022.

Latest crypto firm to fail, BlockFi files for bankruptcy

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BlockFi files for bankruptcy as FTX contagion broadens

BlockFi files for bankruptcy, latest crypto company to fail

BlockFi had been struggling for much of this year, but was given a lifeline this summer in the form of an FTX line of credit. FTX’s own bankruptcy, however, all but sealed BlockFi’s financial fate.

Cryptocurrency lender BlockFi files for bankruptcy; FTX fallout rattles crypto industry

Crypto lender BlockFi, on Monday, filed for bankruptcy citing the exposure and subsequent downfall of one of crypto’s high-profile collapses in recent years, the FTX exchange. Earlier this month, amid reports of corporate missteps and suspicious management, FTX  filed for bankruptcy which has since rattled the crypto industry.