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BlockFi Files for Chapter 11 Bankruptcy

BlockFi Files for Chapter 11 Bankruptcy

Following the collapse of potential acquirer FTX, struggling cryptocurrency lender BlockFi has applied for Chapter 11 bankruptcy protection in the U.S. Bankruptcy Court for the District of New Jersey. The company disclosed in the filing that it had more than 100,000 creditors along with liabilities and assets ranging between $1 billion and $10 billion.








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