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Crypto Lender BlockFi Files for Chapter 11 Bankruptcy

TheMotleyFool

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Turns out, the house of non-fungible cards that Sam Bankman-Fried built FTX on may just share a few load-bearing foundations with another major crypto player.

BlockFi, a lender that forgoes credit checks and uses cryptocurrencies as collateral, has now become collateral damage from the FTX implosion. On Monday, the not-exactly real-money company filed for very-real Chapter 11 bankruptcy.

Source Fool.com

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