BlockFi Prepares to File for Bankruptcy Amid FTX Collapse Fallout
BlockFi is currently preparing to lay off employees and file for Chapter 11 bankruptcy as the fallout from FTX’s rapid collapse continues. Last week, it paused withdrawals and limited activity on its platform. BlockFi admitted “significant exposure” to FTX. However, it denied rumors that the majority of its digital asset holdings were on FTX. A … [Read more…]