Like (to this point) each different crypto firm, BlockFi has filed for Chapter 11 chapter safety, indicating it believes it could actually proceed onwards after a restructuring course of. Like different corporations, BlockFi claims it confronted “a extreme liquidity crunch,” straight citing the collapse of the FTX crypto alternate as a predominant trigger. Regardless of this, BlockFi is in a greater place than FTX due, a minimum of partly, to governance and danger administration processes, the submitting claims.
