BlockFi declared bankruptcy today. The company filed with the United States District Court for the District of New Jersey under Section 11 for a bankruptcy receiver.
BlockFi, which has a market capitalization of $4.8 billion, said it has more than 100,000 creditors and $1 billion to $10 billion in liabilities and assets.
BlockFi, which offers cryptocurrency storage services and has its own trading board It is one of many companies affected by the collapse of FTX, the world’s No. 2 cryptocurrency trading platform.
BlockFi previously announced the suspension of customer withdrawals. He acknowledged that the business had been hit hard by the FTX bankruptcy.
FTX filed for bankruptcy on November 11 with more than 1,000,000 creditors, while about 130 of its affiliates filed for bankruptcy. These include Alameda Research and FTX.us.
FTX became a bankrupt company in just a few days. of original assets of more than 30 billion dollars Amid liquidity crises as clients flock to withdraw funds as Binance withdraws
