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The Independent UK
The Independent UK
National
Michelle Chapman

BlockFi files for Chapter 11 bankruptcy protection

BlockFi FTX Crypto Cryptocurrency
Copyright 2022 The Associated Press. All rights reserved

Cryptocurrency lender BlockFi is filing for Chapter 11 bankruptcy protection as the fallout from the collapse of crypto exchange FTX spreads outward.

In a Monday filing for bankruptcy protection in New Jersey, where it is based, BlockFi claimed more than 100,000 creditors, with BlockFi's liabilities ranging from $1 billion to $10 billion.

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