BlockFi files for bankruptcy, as many expected, cites FTX collapse for its troubles

BlockFi files for bankruptcy, as many expected, cites FTX collapse for its troubles

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BlockFi announced on Nov. 28 that it has filed for Chapter 11 bankruptcy. The filing in the United States Bankruptcy Court for the District of New Jersey pertains to the company and its eight subsidiaries. The move comes after several days of speculation on the company’s financial health after the…

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