Archive: blockfi bankruptcy


Crypto Monitor: BlockFi Goes Under, Blames FTX

By Early Investing on December 9, 2022

The ripple effects of the FTX collapse still aren’t over. Crypto lender BlockFi filed for bankruptcy on November 28. BlockFi had been relying on a $400 million line of credit from crypto exchange FTX — and we all know what happened to FTX.  As of November 29, BlockFi has about $355 million in cryptocurrencies currently frozen on FTX. According to Forbes, a BlockFi representative…