The company has indicated that it may delay recovery operations due to the platform failure "FTP extension". According to the bankruptcy filing, the assets of "fi block" $1 billion, while liabilities total $10 billion.
The company still has about $257 million in cash, which it said will start "An internal plan to significantly reduce expenses, including labor costs".
and abuse digital goods A severe blow during the recent period of liquidity crunch has exposed many companies in the sector to the risk of bankruptcy, which has increased investor fears and weakened their confidence in these assets.
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she saidfi blockThe cryptocurrency lender, in a statement, said on Monday that it has filed for Chapter 11 of the U.S. Bankruptcy Code, allowing it to continue operating as it develops payment plans for creditors.
The company has indicated that it may delay recovery operations due to the platform failure.FTP extensionAccording to the bankruptcy filing, BlockFi has assets of $1 billion and liabilities of $10 billion.
The company still has about $257 million in cash and said it will initiate an “internal plan to significantly reduce expenses, including labor costs.”
and abuse digital goods A severe blow during the recent period of liquidity crunch has exposed many companies in the sector to the risk of bankruptcy, which has increased investor fears and weakened their confidence in these assets.
