financial difficulties of a company

BlockFi files for bankruptcy as contagion grips crypto markets

New York CNN Business — Crypto lender BlockFi filed for bankruptcy on Monday, becoming finance’s latest casualty contagion triggered by the collapse of Sam Bankman-Fried’s empire. BlockFi announced earlier this month that it had halted withdrawals, citing “significant exposure” to Bankman-Fried’s FTX exchange, as well as its sister hedge fund Alameda. FTX, Alameda and dozens …

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Crypto is in chaos as FTX teeters on the verge of bankruptcy

New York CNN Business — In less than a week, a 30-year-old entrepreneur once hailed as a modern-day JP Morgan saw his digital empire, including billions of his own fortune, evaporate in a deathly spiral that shook the foundations of the trillion dollar crypto industry. . On Thursday, Sam Bankman-Fried posted a mea culpa: “I …

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