Topic: BlockFi files for bankruptcy protection. - page 2. (Read 332 times)
The odd thing is that the price has not been affected. I imagine that when the problems started and there was a downturn, the market already discounted the possible bankruptcy. Anyway, one more chapter in this sad story. As what does not kill us makes us stronger, let's hope that all these events serve to strengthen the ecosystem.
BlockFi filed for bankruptcy on Monday because of its connection with FTX. The cryptocurrency lending firm claimed that FTX is its second-largest creditor after Ankura Trust, with $275m owed on a loan.
BlockFi also documented in its filing that it owes money to more than 100,000 creditors. With no capital or liquidity buffers like traditional lenders, nobody knows what would be the fate of these investors. But I am glad that the news didn't have any impact on the price of bitcoin.
https://www.aljazeera.com/economy/2022/11/28/major-crypto-lender-blockfi-files-for-bankruptcy-protection
BlockFi also documented in its filing that it owes money to more than 100,000 creditors. With no capital or liquidity buffers like traditional lenders, nobody knows what would be the fate of these investors. But I am glad that the news didn't have any impact on the price of bitcoin.
https://www.aljazeera.com/economy/2022/11/28/major-crypto-lender-blockfi-files-for-bankruptcy-protection
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