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2022: Filing for Bankruptcy
In November 2022, it became known that the cryptocurrency lender from the United States BlockFi is preparing a bankruptcy filing, as it is associated with the bankrupt FTX exchange.
In early November 2022, BlockFi suspended withdrawals and planned to lay off its employees. Another crypto-lending company, Genesys, has the same problem.
BlockFi filed for bankruptcy in late November 2022.
According to The Wall Street Journal, BlockFi accumulated user deposits in cryptocurrency in the amount of about $14 to $20 billion and issued loans worth $7.5 billion on their security. The exchange also actively attracted funding from FTX, which at a certain point was even considering acquiring BlockFi.[1]
Notes
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