Crypto Firm BlockFi Files For Bankruptcy After FTX Collapse
Nov 30, 2022 ·
47s
Download and listen anywhere
Download your favorite episodes and enjoy them, wherever you are! Sign up or log in now to access offline listening.
Description
The troubled crypto firm BlockFi has filed for bankruptcy in the US, as the dramatic collapse of FTX continues to reverberate across the industry. The company had already halted most...
show more
The troubled crypto firm BlockFi has filed for bankruptcy in the US, as the dramatic collapse of FTX continues to reverberate across the industry.
The company had already halted most activity on its platform, citing significant exposure to FTX.
BlockFi says it was seeking court protection to restructure, settle its debts and recover money for investors.
BlockFi received a rescue deal from FTX earlier this year as the values of cryptocurrencies plunged.
show less
The company had already halted most activity on its platform, citing significant exposure to FTX.
BlockFi says it was seeking court protection to restructure, settle its debts and recover money for investors.
BlockFi received a rescue deal from FTX earlier this year as the values of cryptocurrencies plunged.
Information
Author | Africa Business Radio |
Organization | Africa Business Radio |
Website | - |
Tags |
Copyright 2024 - Spreaker Inc. an iHeartMedia Company