Crypto firm BlockFi files for Chapter 11 bankruptcy protection
Digital-asset lender BlockFi Inc., a cryptocurrency company that once enjoyed a valuation of $3 billion, has filed for Chapter 11 bankruptcy protection in New Jersey, according to a Monday press release. The firm is the latest major crypto company to be felled by the ructions in the cryptocurrency space that have intensified since the start of 2022. BlockFi cited the downfall of cryptocurrency exchange FTX and its associated companies for pushing it over the edge into.
9 million in cash on hand, which it plans to use to continue with ongoing operations during the restructuring process. It has submitted filings to the bankruptcy court asking that it be allowed to continue paying employees and providing their benefits to support ongoing operations.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
BlockFi Files for Bankruptcy as Latest Crypto CasualtyCryptocurrency lender BlockFi filed for bankruptcy, making it the latest major digital assets company to fail since FTX, with which BlockFi is financially intertwined.
Consulte Mais informação »
Crypto Lender BlockFi Files for Bankruptcy as FTX Fallout ContinuesJUST IN: BlockFi has filed for bankruptcy days after FTX, which had once extended a line of credit to the troubled crypto lender, filed for bankruptcy itself. nikhileshde reports
Consulte Mais informação »
Crypto finance firm BlockFi files for bankruptcy following the fall of FTXCrypto’s cold winter claims another company.
Consulte Mais informação »
Bear Market Effects: Installation of New Crypto ATMs Slows DownOnly 6,100 crypto ATMs have been installed in 2021, or three times less than in 2022.
Consulte Mais informação »
New York Mayor Supportive of Mining Restrictions but Maintains Crypto Hub Objective – Mining Bitcoin NewsMayor of New York City Eric Adams took a supportive, if somewhat veiled, stance on the partial crypto mining ban imposed in the state.
Consulte Mais informação »