BlockFi files for Chapter 11 bankruptcy protection
https://apnews.com/249bdc26d94bf9a625c586dae7c27e55
Cryptocurrency lender BlockFi is filing for Chapter 11 bankruptcy protection as the fallout from the collapse of crypto exchange FTX spreads outward.
In a Monday filing for bankruptcy protection in New Jersey, where it is based, BlockFi claimed more than 100,000 creditors, with BlockFi's liabilities ranging from $1 billion to $10 billion.