ReePrime
Blog DMC
Blockfi Files For Bankruptcy

Hosted by Dailymotion. For legal issues report at the Copyright Center, report us on DMC, or use the Instant Removal tool.

Blockfi Files For Bankruptcy

B
Benzinga

3 Views • Nov 29, 2022

Description

BlockFi filed for Chapter 11 bankruptcy on Monday, following FTX’s bankruptcy earlier in the month. FTX’s affiliated trading firm, Alameda Research, defaulted on $680 million owed to BlockFi earlier this month. The crypto lender’s top 10 creditors alone are owed close to $1.2 billion, with the total amount of its liabilities to customers far higher. BlockFi halted withdrawals earlier this month after disclosing it had “significant exposure” to FTX.

Keywords & Tags

#nft #inflation #business #altcoins #Blockfi #FTX #virtual currency #bankruptcy #halted withdrawals #crypto lender #Sam Bankman-Fried #Chapter 11 #Alameda Research #SBF #BlockFi Files for Bankruptcy #significant exposure

More from User

01:02

Karp Sounds Reg Alarm

Benzinga

01:02

SEC Kills PDT

Benzinga

00:56

Walmart Adds Subway Delivery

Benzinga

00:55

GLP-1s Fuel Return Surge

Benzinga

00:52

Hegseth Firm On Anthropic

Benzinga

01:05

Lululemon Falls On Outlook

Benzinga

Related Videos

00:28

Crypto firm BlockFi files for bankruptcy

PTVPhilippines

05:03

What is Bankruptcy Definition of 'Bankruptcy', financial obligations, files for bankruptcy

Musicmanufactory 7.0 Business and Finance

00:47

BROKE CITY: Detroit Files for Bankruptcy; Largest Municipal Filing in U.S History

Newsbreaker on Ora.tv

00:22

SMARTFINANCESOLUTIONS.NET - If two people are joint owners of a credit card& one files bankruptcy,can the other person file on the same?

Morganterryluo

00:23

SMARTFINANCESOLUTIONS.NET - In missouri, if you pay an attoreny to file bankruptcy, how long before he files with court?

Jaydetraylingegu

00:45

Heidi Montag Files For Legal Separation From Spencer Pratt, Duo Set to File for Bankruptcy

Kedai156