Like (thus far) each different crypto firm, BlockFi has filed for Chapter 11 chapter safety, indicating it believes it might proceed onwards after a restructuring course of. Like different firms, BlockFi claims it confronted “a extreme liquidity crunch,” immediately citing the collapse of the FTX crypto change as a predominant trigger. Regardless of this, BlockFi is in a greater place than FTX due, at the least partially, to governance and danger administration processes, the submitting claims.
