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Crypto “contagion” continues with more bankruptcy filings

Photo: Getty Images

Carmen Cracknell

1 min read
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Crypto investment site BlockFi is the latest to feel the fallout of the FTX collapse.

BlockFi announced this morning that it would file for bankruptcy, two weeks after the collapse of crypto exchange FTX. The crypto trading site announced on its Twitter that it had filed voluntary cases under Chapter 11 of the US Bankruptcy Code.

A statement released on the company’s site said “these Chapter

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