BlockFi Prepares Possible Chapter 11 Bankruptcy Protection Filing
Nov 16,2022,00:58
Crypto lending firm BlockFi is preparing for a possible Chapter 11 bankruptcy protection filing, according to the Wall Street Journal. It is reported that the firm also plans to conduct layoffs.
Previously, BlockFi said that it would continue its halt on withdrawals, citing "significant exposure to FTX and associated corporate entities."
