BlockFi, who previously was rescued by FTX, filed for bankrupt | NFT Insider
BlockFi, who previously was rescued by FTX, filed for bankruptcy. The company has $256.9m on hand, which will be used to retain employees "for business-critical functions."
The company cites FTX US as the 2nd largest creditor with unsecured claims of $275m. Also, BlockFi owes $30m to the US SEC. The company has over 100k creditors, assets between $1b and $10b, and liabilities in the same range.
