Crypto lender BlockFi goes bankrupt in aftermath of FTX meltdown

[Jan]

BlockFi goes bankrupt

BlockFi Inc. filed for bankruptcy, the latest crypto firm to collapse in the wake of crypto exchange FTX’s rapid downfall.

BlockFi said in a statement that it will use the Chapter 11 process to “focus on recovering all obligations owed to BlockFi by its counterparties, including FTX and associated corporate entities,” adding that recoveries are likely to be delayed by FTX’s own bankruptcy.

 

[BBSA]

Another domino down.....

 

[LCBXX]

Is this how the WEF takes over crypto for it's own purposes?
Or,
Is this what it looks like when the crypto bubble pops?

 

[Pythonista]

When all you're buying is bits ....

 

[Synaesthesia]

Web3 is Going Just Great

A timeline recording only some of the many disasters happening in crypto, decentralized finance, NFTs, and other blockchain-based projects.

web3isgoinggreat.com

 

[BBSA]

https://twitter.com/i/web/status/1597484583888773120

 

[LCBXX]

To buy into the dip or to get out...which one indeed.

 

[Jet-Fighter7700]

good riddance to bad rubbish, wouldn't approve my account, now they Burn!

maybe everything happens for a reason, if I had gotten a account, now Id have lost it all.

 

[BBSA]

To buy into the dip or to get out...which one indeed.

Let the dust settle?