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 […]
DeFi or Decentralized Finance has been hailed as the future of the world’s monetary systems. Holiday season 2022 however is challenging that ideology. As the 3rd biggest crypto-exchange in the world collapsed just last month, the shock-waves are still being felt. Today, major DeFi lender BlockFi too had to concede to failure, filing Chapter 11 […]
