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Crypto graveyard: BlockFi fils for bankruptcy as FTX fallout spreads!
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Fears of contagion in cryptocurrency markets continue to grow after BlockFi filed for bankruptcy on Monday due to the company’s financial ties to failed crypto exchange FTX.
BlockFi now owes more than 100,000 creditors between $1 billion to $10 billion. Eight of its affiliated firms are in Chapter 11 bankruptcy proceedings.
BlockFi peaked at a valuation of roughly $3 billion in early 2021. #shorts
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BlockFi now owes more than 100,000 creditors between $1 billion to $10 billion. Eight of its affiliated firms are in Chapter 11 bankruptcy proceedings.
BlockFi peaked at a valuation of roughly $3 billion in early 2021. #shorts
------------------------------------------------------------------------------------
------------------------------------------------------------------------------------
► Follow @HardFactorNews:
► Follow the squad:
- Follow @HardFactorMark
- Follow @HardFactorPat
- Follow @HardFactorWes
- Follow @HardFactorWill
------------------------------------------------------------------------------------
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