posted on Monday, BlockFi announced it’s filing for bankruptcy to help “stabilize its business.”
The bankruptcy filing submitted in New Jersey lists Ankura Trust Company as its largest creditor, to the tune of $729 million, followed by FTX US at $275 million. The SEC is fourth on the list, owed $30 million as a result of penalties laid down earlier this year.BlockFi says it currently has $256.9 million in cash on hand, which is “expected to provide sufficient liquidity” to keep the company up and running while it restructures its business.
lmaooooo
the ghosts of a billion tulip bulbs are chuckling quietly to themselves
Rebrands to BlockedFi
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Miami club owners lose top-spenders after FTX, crypto downfall: ReportMiami nightclub owners are struggling with slumping sales after losing top-spending crypto clientele in wake of FTX implosion and crypto downfall, report says lol Yeah right There's a shortage of people willing to pay $2000 for a $35 bottle of booze and a bucket of ice water?
Source: BusinessInsider - 🏆 729. / 51 Read more »