FTX Collapse About to Declare First Big Sufferer: BlockFi

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The primary huge sufferer of the sudden collapse of the FTX cryptocurrency change has now emerged. 

It is cryptocurrency lender BlockFi, which was bailed out final summer time by FTX and its founder and former CEO Sam Bankman-Fried. The platform is making ready to file for chapter, in response to the Wall Road Journal.

The agency is planning to put off a few of its staff, the newspaper stated, citing nameless sources.

BlockFi did not instantly reply to a request for remark.

A chapter submitting from the crypto lender wouldn’t be a lot of a shock. The agency had already begun to arrange its clients for this eventuality on November 14, by suspending money withdrawals and warning that it could not settle for deposits.



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