U.S. cryptocurrency lender BlockFi said on Monday it had filed for Chapter 11 bankruptcy protection along with eight affiliates in a New Jersey court, the latest casualty since FTX's collapse earlier this month triggered instability in the crypto market.
In a court filing, New Jersey-based BlockFi said it owes money to more than 100,000 creditors. It listed crypto exchange FTX as its second-largest creditor, with $275 million owed on a loan extended earlier this year.
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Crypto lender BlockFi files for bankruptcy in New JerseyU.S. cryptocurrency lender BlockFi said on Monday it had filed for Chapter 11 bankruptcy protection along with eight affiliates in a New Jersey court, the latest casualty since FTX's collapse earlier this month triggered instability in the crypto market.In a court filing, New Jersey-based BlockFi said it
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
Crypto lender BlockFi files for bankruptcy protection:U.S. cryptocurrency lender BlockFi said on Monday it had filed for Chapter 11 bankruptcy protection along with eight of its affiliates, in the latest casualty since FTX collapsed earlier this month triggering instability in the crypto market.New Jersey-based BlockFi had earlier paused withdrawals from its pl
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »
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