BlockFi Bankruptcy News: While the crypto market continues to face the wrath of the FTX collapse, yet another company is falling prey to the contagion. Crypto lender BlockFi will file for chapter 11 bankruptcy proceedings, according to latest reports. BlockFi has officially commenced restructuring proceedings to stabilize business and maximize value for all clients and stakeholders. The company filed voluntary petitions to preserve client value and pursue recoveries on counter party obligations.
Breaking: BlockFi Files For Bankruptcy Amid FTX Contagion Effect
coingape.com
28 November 2022 12:30, UTC