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Crypto Lender BlockFi Plans Bankruptcy Filing Within Days in FTX Fallout

  • The crypto lender continues to limit activity on its platform
  • Sudden collapse of FTX is threatening future of crypto firms
Bloomberg business news
FTX Drama: Investors Assess What's Next for Crypto

Cryptocurrency lender BlockFi Inc. is preparing to file for bankruptcy within days, according to people with knowledge of the matter who asked not to be named because discussions are private. 

The crypto lender paused client withdrawals, citing uncertainties with FTX, while saying it had adequate liquidity and was exploring options with outside advisers.