@SnowUnderSun
BlockFi filed for bankruptcy days after suspending withdrawals last week. FTX had extended a $400 million line of credit to the lender earlier this year. The company said it was filing for Chapter 11 bankruptcy protection, indicating it hoped to restructure, continuing operations in the meantime. According to a press release, BlockFi has about $257 million in cash on hand. A Bermuda-based affiliate is also filing for liquidation, a similar process. Courtesy : Coindesk
2 comments
I am looking anoth ship breaking scene soon as celcious , FTX . BlockFi downing to sink.
let's look at what will be the next ship to sunk.