BANKRUPT! BlockFi Becomes Next Crypto FAILURE

#shorts

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 said it was seeking court protection to restructure, settle its debts and recover money for investors. BlockFi had received a rescue deal from FTX earlier this year as the values of cryptocurrencies plunged. But FTX, a crypto exchange, ran into its own problems this month, as people rushed to pull money from the platform amid doubts about its finances.

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