Crypto lender BlockFi files for bankruptcy, cites FTX exposure

Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty ...
AOL

BlockFi files for bankruptcy as FTX fallout ripples through crypto industry

BlockFi, a crypto loan and borrow platform, filed for Chapter 11 bankruptcy protection on Monday, becoming the latest crypto firm to go under following the rapid collapse of offshore trading venue FTX ...
New York Post

Crypto lender BlockFi struggles to raise cash despite discount: source

Crypto lender BlockFi is struggling to raise cash despite offering to take a steep discount on its valuation, raising the risk that it could be forced into a financial restructuring, The Post has ...
American Banker

States object to BlockFi's interest-bearing account

The fintech BlockFi has been told by four states to stop offering a product that looks like a high-yield savings account. The acting attorney general of New Jersey, Andrew Bruck, ordered the Jersey ...
AOL

Crypto firm BlockFi settles with SEC, states for $100M over interest, lending accounts

The Securities and Exchange Commission on Monday settled charges with BlockFi Lending over its failure to register its cryptocurrency interest account, bringing the largest ever penalty against a ...

Crypto lender BlockFi says it has significant exposure to FTX

Cryptocurrency lender BlockFi said on Monday it has significant exposure to Sam Bankman-Fried's crypto exchange FTX, and ...
CNBC

BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried's crypto empire

Financial documents that were mistakenly uploaded from bankrupt crypto firm BlockFi show a $1.2 billion relationship with FTX and Alameda Research. The presentation, assembled by M3 Partners, offers a ...
Forbes

BlockFi Bankruptcy Follows FTX Implosion

On Monday, crypto lender BlockFi filed for Chapter 11 bankruptcy protections in the aftermath of FTX’s implosion Ironically, BlockFi lists FTX as its #2 creditor after a substantial bailout earlier ...
CNBC

How FTX 'death spiral' spelled doom for BlockFi, according to bankruptcy filing

BlockFi's Chapter 11 bankruptcy troubles began with FTX, a BlockFi advisor said in a court filing, with a liquidity injection that was supposed to save the company. BlockFi advisor Mark Renzi said ...
Forbes

BlockFi Employees Warned Of Credit Risks, But Say Executives Dismissed Them

In its bankruptcy filing last week, New Jersey-based BlockFi attempted to paint itself as a responsible lender hit by plummeting crypto prices and the collapse of crypto brokerage FTX and its ...
Benzinga.com

BlockFi Days Away From Declaring Bankruptcy: Why This Report Thinks It Will Happen Soon

Cryptocurrency lender BlockFi is closer to bankruptcy, an announcement that could come in the coming days according to a new report. The new report comes days after the Wall Street Journal reported ...