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BlockFi files for bankruptcy, as rumored

BlockFi files for bankruptcy, as rumored

This has been rumored since the downfall of FTX and most thought it was coming last week. Even though it's not a surprise, there's always the risk of counterparty calls on capital and dominoes falling. The company says it has $256.9m in cash on hand, which should support ongoing activities. It also said platform activities will remain suspended at this time.

However the headline itself shouldn't be a big market mover in crypto, which is trading is a curiously tight range today.

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Posted: Nov 28 2022, 15:20
Author Name: forexlive
Views: 111222

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