Like (so far) every other crypto company, BlockFi has filed for Chapter 11 bankruptcy protection, indicating it believes it can continue onwards after a restructuring process. Like other companies, BlockFi claims it faced “a severe liquidity crunch,” directly citing the collapse of the FTX crypto exchange as a main cause. Despite this, BlockFi is in a better position than FTX due, at least in part, to governance and risk management processes, the filing claims.
Related posts
-
Fold Adds 475 Bitcoin, Joins Top 10 U.S. Public Companies by BTC Holdings
Bitcoin financial services firm Fold Holdings has added 475 BTC to its treasury, bringing total holdings... -
Crypto.com joins CF Benchmarks, enhancing Bitcoin and Ethereum indices
Crypto exchange Crypto.com’s market data will soon be integrated into real-time indices and reference rates for... -
Ethereum developer Danny Ryan joins Etherealize as co-founder
Longtime Ethereum (ETH) developer Danny Ryan recently announced he is joining Etherealize — an organization responsible...