Cryptocurrency lender BlockFi filed for bankruptcy, the latest casualty in the crypto turmoil after FTX's collapse
The collapse of FTX has set off the largest crypto-related bankruptcy ever, and court filings are already shedding light on what went wrong and how complicated things could get. Here are three things to know about the company’s bankruptcy process. Photo: Lam Yik/Bloomberg NewsCryptocurrency lender BlockFi Inc. filed for bankruptcy Monday, making it the latest major digital assets company to fail since FTX, with which BlockFi is financially intertwined.
BlockFi was founded in 2017 by Zac Prince and Flori Marquez. The company lends money to customers using their cryptocurrency assets as collateral.
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