BlockFi and FTX on the Brink of Bankruptcy

a crypto lender, is set to file for Chapter 11 bankruptcy protection today. This comes after the company halted withdrawals on November 11 and laid off a large portion of its staff. The company is considering bankruptcy due to its exposure to FTX, which is also facing bankruptcy.

situation was first discovered through Twitter. BlockFi is shocked and dismayed by the news. This story is breaking and will be updated shortly.

By Evey Lovelace

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