The company announced it was filing for Chapter 11 bankruptcy protections, indicating it hoped to restructure, continuing operations in the meantime. According to a press release, BlockFi has about $257 million in cash on hand. A Bermuda-based affiliate is also filing for liquidation, an equivalent process. www.coindesk.com
The company announced it was filing for Chapter 11 bankruptcy protections, indicating it hoped to restructure, continuing operations in the meantime. According to a press release, BlockFi has about $257 million in cash on hand. A Bermuda-based affiliate is also filing for liquidation, an equivalent process.
www.coindesk.com