BlockFi Cryptocurrency Firm Files For Bankruptcy After FTX Crash

BlockFi Cryptocurrency Firm Files For Bankruptcy After FTX Crash

  • Natalia Sherman
  • BBC Business Correspondent in New York

image source, Getty Pictures

The dramatic collapse of cryptocurrency company FTX in early November continues to resonate in the virtual currency industry.

Another of the crypto companies, Block Fi, It declared bankruptcy in the US on Monday.

The company had already stopped most activity on its platform, citing «significant exposure» to FTX.

BlockFi said it is seeking court protection to restructure, pay off debts and get money back for investors.

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