QUOTES 2-Crypto lender BlockFi files for Chapter 11 ...Middle East

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QUOTES 2-Crypto lender BlockFi files for Chapter 11
source : Devdiscourse ( Middle East ) () 35
U.S. cryptocurrency lender BlockFi said on Monday it had filed for Chapter 11 bankruptcy protection along with eight affiliates in a New Jersey court, the latest casualty since FTX's collapse earlier this month triggered instability in the crypto market. In a court filing, New Jersey-based BlockFi said it owes money to more than 100,000 creditors. It listed crypto exchange FTX as its second-largest creditor, with $275 million owed on a loan extended earlier this year.

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