Foreign media: BlockFi has filed for bankruptcy reorganization and currently holds $256.9 million in cash

ChainCatcher news, according to Bussiness Wire, the crypto lending company BlockFi and its eight subsidiaries have filed for bankruptcy reorganization in New Jersey bankruptcy court. BlockFi will focus on recovering all debts owed to BlockFi by its counterparties, including FTX and related corporate entities. BlockFi currently still holds $256.9 million in cash, and platform services will remain suspended. (Source link)