BlockFi Files for Chapter 11 Bankruptcy

On Monday (28 November 2022), troubled crypto lender BlockFi announced that it had filed for Chapter 11 bankruptcy protection. According to the press release, BlockFi Inc. and eight of its affiliates today “commenced voluntary cases under Chapter 11 of the U.S. Bankruptcy Code in the United States Bankruptcy Court for the District of New Jersey… […]

SBF’s FTX Reportedly Set To Buy Crypto Lender BlockFi for Just $25 Million

According to a report by CNBC, crypto exchange FTX, which was co-founded by billionaire Sam Bankman-Fried (aka “SBF”), is “close to finalizing a term sheet to buy BlockFi and a deal is expected to be signed by the end of this week.” CNBC’s report, which was written by CNBC technology reporter Kate Rooney, stated that […]

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