https://www.vice.com/en_us/article/ake8j5/crypto-lender-blockfi-files-for-bankruptcy-as-ftx-fueled-contagion-spreads

The cryptocurrency lender and financial firm BlockFi voluntarily filed for bankruptcy on Monday, the latest in a series of collapses by prominent crypto firms this year. 

The company called the decision “difficult but but necessary” in a note on the company’s website, stating that it was left with no other options after the “shocking” and sudden collapse of FTX, the prominent crypto firm founded by Sam Bankman-Fried which stepped in to rescue BlockFi in a $400 million deal this year amid a wider crypto market rout.