Similar Stories to Crypto Lender Blockfi Goes Bankrupt In Aftermath Of Ftx Meltdown on Bing News

BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall. BlockFi said in a statement that it will use the Chapter 11 process to “focus on recovering all obligations owed to BlockFi by its counterparties, including FTX and associated corporate entities,” adding that recoveries are likely to be delayed by FTX’s own bankruptcy.

BING NEWS:
  • Latest FTX Bankruptcy Twist May Compromise Small Creditors
    In a recent twist in the FTX bankruptcy saga, a substantial claim against FTX EU—formerly known as K-DNA Financial Services—has been transferred to FTXcreditor, a move that could both streamline the ...
    05/17/2024 - 9:42 pm | View Link
  • FTX Gets Backlash Despite Planned Full Repayment Plus Interest
    FTX is planning to repay customers, but creditors are outraged. Find out why they're upset and the future of FTX payouts.
    05/15/2024 - 9:35 am | View Link
  • Crypto Lending: Earn Money From Your Crypto Holdings
    Centralized platforms, such as BlockFi, and Nexo ... liquidation of the borrower’s collateral to make sure the lender receives the principal back.” Things can get even messier when sudden ...
    05/13/2024 - 3:24 am | View Link
  • BlockFi’s closure: Coinbase assumes asset management
    BlockFi, a major player in the crypto lending business, recently shut down its gateway. This move will shift the corporation’s management, which has been dealing with financial difficulties ever since ...
    05/10/2024 - 2:37 am | View Link
  • BlockFi Announces Web Platform Shut Down and Coinbase Distribution Partnership
    BlockFi is pleased to announce that they have engaged Coinbase as their distribution partner to ensure continuity of crypto withdrawals.
    05/10/2024 - 2:02 am | View Link
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