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Cryptoknowmics 2022-11-29 09:46:06

BlockFi Files For Bankruptcy Protection Following Collapse of FTX

After the collapse of crypto giant FTX, BlockFi, a cryptocurrency lender, has filed for bankruptcy under Chapter 11 bankruptcy protection. In addition to claiming between $1 billion and $10 billion in assets and debts respectively, BlockFi has also listed over 100,000 creditors in its bankruptcy case. Today, BlockFi filed voluntary cases under Chapter 11 of the U.S. Bankruptcy Code. — BlockFi (@BlockFi) November 28, 2022 BlockFi Filed Bankruptcy Protection The petition lists a number of significant creditors including Ankura Trust Company, LLC, which has an unsecured claim of about $729 million, the largest among others. The Securities and Exchange Commission The post BlockFi Files For Bankruptcy Protection Following Collapse of FTX appeared first on Cryptoknowmics-Crypto News and Media Platform .

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