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Axios
Axios
Business

Crypto lender BlockFi files for Chapter 11 bankruptcy protection

BlockFi FTX Crypto

Cryptocurrency lender BlockFi has filed for Chapter 11, becoming the latest casualty of crypto contagion following the collapse of FTX.

Why it matters: The dominoes continue to fall in the crypto world, as a series of bad bets and a market plunge has sent companies like FTX into bankruptcy.

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