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Tag: Blockfi

BlockFi’s U.S. bankruptcy filing

Two weeks ago, BlockFi banned withdrawals owing to “lack of clarification over the fate of FTX.com, FTX US, and Alameda.” As previously mentioned by the BlockFi team, the move would be directly spurred by the demise of FTX, the business that initially offered a $400 million credit line to fund the crypto-lending startup. This is in addition to the exchange formed by Sam Bankman-option Fried’s to acquire for an additional $280...

Bankruptcy, Blockfi, Cryptocurrencies, Front page, FTX, Main, News, Sam Bankman-Fried

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All the crypto companies that went bankrupt in 2022 [so far]

These are all the bankruptcies so far in the crypto world. We had to make a list to follow along with the thread. The crypto winter with inflation and the crash of Terra brought the least desired effects in the crypto world: a domino of companies exposed to unpayable debts, liquidations, and bankruptcies. It started with Celsius, followed by 3AC and then others followed. Some of the reasons that produced this are already known: The...

Blockfi, Cryptocurrencies, Exchanges, Front page, FTX

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Sam Bankman-Fried saves BlockFi and Voyager

Sam Bankman-Fried, the co-founder of crypto exchange FTX and quantitative trading firm Alameda, has emerged as something of a savior for the crypto market. Bankman-Fried’s two companies have agreed to provide $500 million in financing to Voyager Digital and $250 million in credit facilities to BlockFi — both struggling crypto startups looking for lifelines. BlockFi, which provides loans against cryptocurrency collateral, has been struggling...

Blockfi, Companies, Crypto market, Exchanges, Front page, FTX, News

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