The company had previously suspended withdrawals in wake of the collapse of crypto exchange FTX last week.
BlockFi, financially entangled with the now-bankrupt FTX, is planning to lay off workers and exploring a bankruptcy filing itself, people familiar say.
Further shock waves from the collapse of exchange FTX continue to rock Bitcoin and other digital assets, after a report that crypto lender BlockFi is preparing for a possible bankruptcy filing. The price of Bitcoin BTCUSD โ0.84% dropped around 1% over ...
The digital asset lender BlockFi said it had "significant exposure" to the FTX fiasco after a bailout from SBF. It's laying off staff and may go bankrupt.
Crypto lender BlockFi is making preparations for potential bankruptcy as the crypto contagion spreads to firms heavily exposed to the collapsed FTX exchange ...