Recent news of crypto-loans company BlockFi filing Chapter 11 bankruptcy, has shocked a few pro-athletes. NBA star Cade Cunningham happens to be among that group. The #1 NBA draft pick of 2021 had a lucrative sponsorship deal with the exchange, including a signing bonus paid in 100% Bitcoin (BTC). And it’s not the end of […]
Good news for BlockFi customers. The crypto loan servicer has announced that it has plans to remain open. As predicted in an earlier CryptoCoinOpps report, the bankruptcy is just means of protection. After taking the $650M blow from Sam Bankman-Fried’s failed loans, the company plans to rebuild as they wait for […]
When it rains it pours. And its showing upon the head of disgraced crypto-exchange failure, Sam Bankman-Fried. As shockwaves continue and other businesses collapse, one is taking action against SBF. BlockFi filed for bankruptcy today and the crypto-lender is suing the FTX founder over their demise. Why did BlockFi Go Bankrupt? According to the […]
