Next crypto bankruptcy: Blockfi is insolvent

After the spectacular collapse of the cryptocurrency exchange FTX, the US bank BlockFi, which specializes in virtual means of payment, has now also filed for bankruptcy. Last week, the company halted all withdrawals, admitting that FTX’s bankruptcy had “significant” sums on fire.

In July, FTX had signed an option to buy BlockFi. According to insiders, at least one billion dollars in customer funds are said to have disappeared from FTX. The affair has thrown the entire cryptocurrency industry into turmoil. The most common means of payment Bitcoin and Ethereum collapsed in price.

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Alexandra Hartman Editor-in-Chief

Editor-in-Chief Prize-winning journalist with over 20 years of international news experience. Alexandra leads the editorial team, ensuring every story meets the highest standards of accuracy and journalistic integrity.

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