FTX Users Declare Pay Cents on the Dollar Post Bankruptcy
The cryptocurrency exchange FTX filed for bankruptcy on Friday, leaving users’ funds stuck on the platform. One marketplace for distressed claims posted bids for a fraction of the original value of claims. People who lost money on the troubled cryptocurrency exchange FTX and want to get at least some of it back can sell their […]
Reports claims BlockFi is preparing for potential bankruptcy
According to Wall Street Journal articles, BlockFi is getting ready for possible bankruptcy following the failure of FTX. BlockFi, a cryptocurrency lending business, was similarly impacted by FTX’s decline. BlockFi stopped the withdrawals on their platform in the midst of the commotion. On November 11, the users of the New Jersey-based exchange were warned that […]