Crypto lender BlockFi files for bankruptcy, cites FTX exposure

Crypto lender BlockFi files for bankruptcy, cites FTX exposure

Figurines with smartphones and computers are seen in front of the BlockFi logo in this illustration, November 28, 2022. REUTERS/Dado Ruvic/Illustration

Cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection, it said on Monday, the latest crypto casualty after the firm was hurt by exposure to the spectacular collapse of the FTX exchange earlier this month.

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