The Wall Street Journal: BlockFi plans to file for bankruptcy protection
ChainCatcher news, according to a report by the Wall Street Journal citing informed sources, due to the impact of the FTX incident, the crypto lending company BlockFi is currently preparing to lay off employees and may plan to file for bankruptcy protection. Previously, BlockFi announced a significant risk exposure to FTX and related companies, has suspended withdrawal operations, and has hired external expert consultants to make arrangements for the next steps. (Wall Street Journal)
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