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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 374.22-0.2%Nov 21 4:00 PM EST

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To: maceng2 who wrote (193607)11/15/2022 3:11:44 PM
From: Pogeu Mahone  Read Replies (1) of 217962
 
BlockFi May File for Bankruptcy, Report Says, as Crypto Contagion Spreads

By
Daren FondaFollow

Nov. 15, 2022 2:14 pm ETOrder ReprintsPrint Article

The crypto lender BlockFi is preparing to file for bankruptcy protection, according to a report in The Wall Street Journal, as the damage from FTX’s collapse continues to spread, taking down the price of Bitcoin BTCUSD +2.61% and affecting operations at scores of exchanges and lenders.

BlockFi, a major crypto lender that had received a bailout from FTX, halted customer withdrawals last week. The company said it had “significant exposure” to FTX, the Journal reported, citing people familiar with the matter.
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