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.
The Islamic Republic and its authorities are trying to normalize the situations in iran They have used football and have this opportunity to show the world the normal conditions in the country While we are under the barrage of their bullets MahsaAmini
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: WSJ - 🏆 98. / 63 Read more »
Source: verge - 🏆 94. / 67 Read more »
Source: MarketWatch - 🏆 3. / 97 Read more »