BlockFi Files Chapter 11 Bankruptcy Amid FTX Fallout, Fidelity Opens Retail Crypto Trading Accounts
Channel: Radix Report
Date: 28/11/2022

Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest crypto casualty to follow the spectacular collapse of the FTX exchange earlier this month.

New Jersey-based BlockFi had links with FTX, which filed for protection in the United States earlier in November after traders pulled $6 billion from the platform in three days and rival exchange Binance abandoned a rescue deal.

In a court filing on Monday, BlockFi listed FTX as its second-largest creditor, with $275 million owed on a loan extended earlier this year. It said it owes money to more than 100,000 creditors.

Will the "personal finance," YouTubers who repeatedly pushed ponzi schemes to their unwitting audiences be investigated or face potential lawsuits?

Sources:
https://twitter.com/CarlBMenger/status/1593164393592025089
https://twitter.com/GRDecter/status/1597257729743413248
https://www.reuters.com/technology/crypto-lender-blockfi-files-bankruptcy-protection-2022-11-28/
https://pacer-documents.s3.amazonaws.com/109/1094078/118164199368.pdf
https://twitter.com/BitcoinMagazine/status/1597299156389072897
https://coinmarketcap.com/alexandria/article/the-bahamas-attacks-ftx-s-new-ceo-and-says-it-is-not-to-blame-for-exchange-s-collapse

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