BlockFi Files For Bankruptcy

On Monday, just days after suspending withdrawals amid the fallout from the collapse of FTX, crypto lender BlockFi and eight affiliates filed for chapter 11 bankruptcy in the U.S.

  • Days after suspending withdrawals, BlockFi filed for bankruptcy in the U.S.
  • Crypto lender blames close exposure to FTX making it the latest contagion victim.
  • BlockFi files lawsuit against holding company for FTX’s Sam Bankman-Fried.

BlockFi has become the latest company to fall victim to the contagion black hole stemming from the fall of FTX. After FTX filed for bankruptcy earlier this November, BlockFi announced that it was suspending withdrawals amid the ongoing crisis. Just days after the crypto lender’s announcement, BlockFi has been forced to file for chapter 11 …

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