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The FTX collapse continues to unfold, BlockFi publicizes chapter submitting and Kraken settles a sanctions breach: Hodler’s Digest, Nov. 27 – Dec. 3
Coming each Saturday, Hodlers Digest will assist you observe each single vital information story that occurred this week. One of the best (and worst) quotes, adoption and regulation highlights, main cash, predictions and way more per week on Cointelegraph in a single hyperlink.
Digital asset lending firm BlockFi introduced on Nov. 28 that it has filed for Chapter 11 chapter in New Jersey. The chapter submitting revealed, amongst different particulars, that BlockFi goals to restructure and hold particular workers on board. BlockFi has eight daughter corporations which are additionally included within the chapter movement. Later information revealed chapter continuing particulars, together with BlockFis legal professional reporting that $355 million of the organizations capital is sitting frozen on FTX.
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