Crypto lender BlockFi files for bankruptcy, cites FTX exposure

Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the collapse. spectacular from the FTX exchange at the beginning of the month.

The filing in a New Jersey court comes as crypto prices have fallen. The price of bitcoin, by far the most popular digital currency, is down more than 70% from its 2021 peak.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.