BlockFi near bankruptcy after FTX collapse

FTX fall Domino over Blockfi

About BlockFi

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What's the news?

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The Exposure

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The Lay-offs

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Halting Withdrawals

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Approaching Binance

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FTX Ukraine Scandal

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We're on You Tube

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FTX fall Domino over Blockfi

FTX fall Domino over Blockfi

About BlockFi

About BlockFi

BlockFi is a crypto lending and trading platform founded in 2017 in New York, America.

What's the news?

What's the news?

FTX collapse has shattered many crypto projects. BlockFi is on the list and may soon file for chapter 11 bankruptcy.

The Exposure

The Exposure

BlockFi accepted $400 million line of credit from FTX US after its faced heat in the LUNA crash.

The Lay-offs

The Lay-offs

The company has 300 full time employees. Although layoff aren't confirmed by BlockFi but it's likely to happen soon.

Halting Withdrawals

Halting Withdrawals

The company has paused customer withdrawals after FTX crash. It does have enough liquidity to allow customer withdrawals as per sources.

Approaching Binance

Approaching Binance

BlockFi has approached Binance for help this week for a possible acquisition or help with funds.

FTX Ukraine Scandal

FTX Ukraine Scandal

Checkout what's going on with FTX Ukraine money laundering scandal.

Also Read:

Also Read:

1..Play & Earn BUSD

1..Play & Earn BUSD

2..FTX defrauded users

2..FTX defrauded users

3..FTX celebrity lawsuit

3..FTX celebrity lawsuit

We're on You Tube

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