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BlockFi files for bankruptcy as crypto rout claims latest victim

Crypto lender collapsed after FTX’s downfall that put a potential deal into jeopardy

Cryptocurrency lender BlockFi filed for bankruptcy on 28 November, making it the latest major digital assets company to fail since FTX, with which BlockFi is financially intertwined.

BlockFi was founded in 2017 by Zac Prince and Flori Marquez. The company lends money to customers using their cryptocurrency assets as collateral.

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