BlockFi platform may declare bankruptcy in the next few days

The BlockFi project team has so far refused to give any comments. At the same time, a well-known publisher of The Wall Street Journal previously reported that the company is preparing a bankruptcy filing. 

All in all, this was not straightforward news for knowledgeable cryptos. Since BlockFi is closely related to FTX.

In July 2022, FTX US gave the lender a $400 million revolving line of credit. Other publications have also reported loans to Alameda Research.

Without comment from the company itself, it's hard to say anything yet. Bloomberg is known for having insider sources from many companies, so the information is likely not taken out of thin air. Although we've seen misinformers behind Bloomberg a couple of times, too. That's why we're watching. 

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