webnexttech | BlockFi Bankruptcy Follows FTX Implosion - WorldNewsEra

BlockFi Bankruptcy Follows FTX Implosion – WorldNewsEra

Key takeaways On Monday, crypto lender BlockFi filed for Chapter 11 bankruptcy protections in the aftermath of FTX’s implosion Ironically, BlockFi lists FTX as its #2 creditor after a substantial bailout earlier this year The domino-ing bankruptcies reveal the early dangers of crypto lending platforms’ interconnectedness On Monday, crypto lender BlockFi announced that it officially filed for Chapter 11 bankruptcy as the FTX fallout spreads.