Monday 28 November 2022 04:08 PM Cryptocurrency lender BlockFi files for bankruptcy trends now
Monday 28 November 2022 04:08 PM Cryptocurrency lender BlockFi files for bankruptcy trends now
Distressed crypto firm BlockFi files for bankruptcy as fallout of FTX spreads: Lender with more than 100,000 creditors was set to be acquired by Sam Bankman-Fried's firm Company filed for bankruptcy on Monday morning Filing said it has more than 100,000 creditors and liabilities and assets of up to $10 billion BlockFi said: 'This action follows the shocking events surrounding FTX' FTX filed for bankruptcy earlier this month, causing cryptocurrency values to plunge and triggering a crisis at several other companies who used FTX BlockFi had paused client withdrawals on November 10 after the collapse of FTX In July, FTX provided BlockFi with a $400 million credit facility and agreed an option to buy it for up to $240 million
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Cryptocurrency lender BlockFi has filed for bankruptcy - blaming the 'shocking events surrounding' the collapse of FTX.
A filing said the company has more than 100,000 creditors and liabilities and assets of up to $10 billion.
The company's website was still live on Monday morning - but included a message about the bankruptcy case.
A statement from BlockFi said: 'This action follows the shocking events
