MSNBC Way Too Early With Jonathan Lemire June 4, 2024 10:40:00
Cryptocurrency lender block phi was filed for chapter 11 privacy protection in the united states. what prompted that? >> well, yet another high profile crypto victim. blockfi have declared a couple of reasons for their own downfall, the first exposure to ftx and the other being the general downturn in cryptocurrency prices. they revealed they have more than 100,000 creditors with assets and liabilities ranging from $1 billion to $10 billion. they also listed an outstanding $275 million loan to ftx u.s., that is the u.s. arm of ftx. it's worth noting back in july blockfi had a valuation of $4.8...
Source: archive.org