BlockFi Inc. is preparing for possible bankruptcy filings after it acknowledged โsignificant exposureโ to bankrupt cryptocurrency exchange FTX.com.
The Wall Street Journal reported the crypto lender is planning to lay off workers while it prepares for a possible Chapter 11 bankruptcy filing.
Crypto lender BlockFi is making preparations for potential bankruptcy as the crypto contagion spreads to firms heavily exposed to the collapsed FTX exchange ...
BlockFi, financially entangled with the now-bankrupt FTX, is planning to lay off workers and exploring a bankruptcy filing itself, people familiar say.
The company had previously suspended withdrawals in wake of the collapse of crypto exchange FTX last week.
BlockFi, financially entangled with the now-bankrupt FTX, is planning to lay off workers and exploring a bankruptcy filing itself, people familiar say.
Further shock waves from the collapse of exchange FTX continue to rock Bitcoin and other digital assets, after a report that crypto lender BlockFi is preparing for a possible bankruptcy filing. The price of Bitcoin BTCUSD โ0.84% dropped around 1% over ...
It certainly would not be a surprise, given the company's exposure to collapsed crypto exchange FTX. FTX committed US$250mln to a BlockFi bailout in June ...
The dominos from FTX's collapse are knocking down players across the crypto industry, with some companies pausing withdrawals and a group of U.S. investors ...
The dominos from FTX's collapse are knocking down players across the crypto industry, with some companies pausing withdrawals and a group of U.S. investors ...
The crypto lender continues to limit activity on its platform · Sudden collapse of FTX is threatening future of crypto firms.
BlockFi is one of several companies that signed deals to be rescued by FTX over the summer after a sharp plunge in crypto prices upset the balance sheets of several lenders, exchanges and bitcoin mining companies. In July, BlockFi obtained a $400 million ...
CRYPTOCURRENCY lender BlockFi is preparing to file for bankruptcy within days, according to people with knowledge of the matter who asked not to be named ...
BlockFi, financially entangled with the now-bankrupt FTX, is planning to lay off workers and exploring a bankruptcy filing itself, people familiar say.
BlockFi, financially entangled with the now-bankrupt FTX, is planning to lay off workers and exploring a bankruptcy filing itself, people familiar say.