BlockFi Files for Bankruptcy in the US, Cites Exposure to FTX Amid Crypto Meltdown

BlockFi Files for Bankruptcy in the US, Cites Exposure to FTX Amid Crypto Meltdown

Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest industry casualty after the firm was hurt by exposure to the spectacular collapse of the FTX exchange earlier this month. The filing in a New Jersey court comes as crypto prices have plummeted. The…