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TechFlow news, according to Decrypt citing sources, crypto lending firm BlockFi will file for Chapter 11 bankruptcy protection later today.
Additionally, the source stated that BlockFi has laid off the majority of its employees. Earlier reports indicated that BlockFi was considering bankruptcy protection due to significant exposure to FTX.Original link
BlockFi, a crypto lending company, will file for Chapter 11 bankruptcy protection later today. In addition, the source said BlockFi has laid off the majority of its employees. Earlier, sources indicated that BlockFi was considering bankruptcy protection due to its significant exposure to FTX.
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