Crypto lender BlockFi follows FTX into bankruptcy

wsj

4 min read . Updated: 29 Nov 2022, 07:30 PM IST Alexander Gladstone, The Wall Street Journal

BlockFi blamed its chapter 11 filing on the downturn in cryptocurrency prices this summer and this month’s failure of FTX, a big exchange with ties throughout the largely unregulated industry (Photo: Reuters) — BlockFi blamed its chapter 11 filing on the downturn in cryptocurrency prices this summer and this month’s failure of FTX, a big exchange with ties throughout the largely unregulated industry (Photo: Reuters)

BlockFi will use chapter 11 to recover what it can from failed crypto exchange FTX