the staff of the Ridgewood blog
Ridgewood NJ, Cryptocurrency lender BlockFi, last valued at $4.8B, filed for Chapter 11 bankruptcy yesterday, following this month’s collapse of cryptocurrency exchange FTX and its sister firm Alameda Research. BlockFi has more than 100,000 creditors, with the largest 10 creditors alone owed nearly $1.2B, including $30M owed to the US Securities and Exchange Commission, according to filings.
Continue reading New Jersey-based Cryptocurrency Lender BlockFi files for Chapter 11 Bankruptcy
