Crypto lender BlockFi filed for bankruptcy Monday, becoming the latest casualty of the financial contagion unleashed by the collapse of Sam Bankman-Fried's empire.
Crypto lender BlockFi filed for bankruptcy Monday, becoming the latest casualty of the financial contagion unleashed 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, Alameda and dozens of affiliates filed for bankruptcy on November 11.
The New Jersey-based company was one of several that received financial support from Bankman-Fried over the summer, as falling crypto prices threatened to take down key players in the digital asset ecosystem. In July, BlockFi secured a $400 million financial lifeline from FTX. The fallout from FTX’s decline is ricocheting throughout the crypto industry.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
BlockFi Files for Bankruptcy as Latest Crypto CasualtyCryptocurrency lender BlockFi filed for bankruptcy, making it the latest major digital assets company to fail since FTX, with which BlockFi is financially intertwined.
Weiterlesen »
Crypto Lender BlockFi Files for Bankruptcy as FTX Fallout ContinuesJUST IN: BlockFi has filed for bankruptcy days after FTX, which had once extended a line of credit to the troubled crypto lender, filed for bankruptcy itself. nikhileshde reports
Weiterlesen »
Crypto finance firm BlockFi files for bankruptcy following the fall of FTXCrypto’s cold winter claims another company.
Weiterlesen »
Crypto firm BlockFi files for Chapter 11 bankruptcy protection in New JerseyDigital-asset lender BlockFi Inc., a cryptocurrency company that once enjoyed a valuation of $3 billion, has filed for Chapter 11 bankruptcy protection in...
Weiterlesen »
Crypto lender BlockFi files for Chapter 11 bankruptcy protectionBREAKING: Cryptocurrency lender BlockFi has filed for Chapter 11, becoming the latest casualty of crypto contagion following the collapse of FTX.
Weiterlesen »