Crypto lender BlockFi files for bankruptcy as FTX Plot thickens

The FTX contagion continues to spread like wildfire as crypto lender BlockFi has filed for bankruptcy under Chapter 11 of the United States Bankruptcy Code. A few weeks ago, BlockFi suspended withdrawals, triggering rumours of its bankruptcy. However, with the declaration, BlockFi becomes the latest crypto firm to be impacted by FTX’s blowup after several … Continue reading Crypto lender BlockFi files for bankruptcy as FTX Plot thickens