BlockFi files for bankruptcy in wake of FTX collapse

security-threats-fintech-the-grim-reaper-finextra.jpg

BlockFi files for bankruptcy in wake of FTX collapse

BlockFi, the cryptocurrency player that needed a $400 million credit facility from FTX earlier this year, has now filed for bankruptcy.

BlockFi Files For Bankruptcy


Last week, on this show, we wondered whether Genesis, the struggling crypto lender, would be the next domino to fall in the wake of FTX’s collapse.

And indeed, a crypto lender fell. But it wasn’t Genesis. We’ll talk about that and turmoil elsewhere in the crypto market on today’s Daily Defiant.

Sponsor:
https://opolis.co

✨ Check out our new website ✨
https://thedefiant.io/

�� Sign up to our newsletter ��
https://newsletter.thedefiant.io/

�� Find DeFi investment opportunities & educational primers here
https://newsletter.thedefiant.io/s/defi-alpha

✊ Follow The Defiant
Twitter https://twitter.com/defiantnews
Discord https://discord.com/thedefiant
Instagram https://www.instagram.com/thedefiant.io/
Telegram News https://t.me/DefiantNews

�� Contact our Newsroom
[email protected]

�� Sponsorships & Partnerships
[email protected]

�� Follow The Defiant team on Twitter
Camila Russo: https://twitter.com/CamiRusso
Alp Gasimov: https://twitter.com/alpgasimov
Edward Robinson: https://twitter.com/EddieRob235
yyctrader: https://twitter.com/yyctrader1
Isaac Ibiapina: https://twitter.com/_isaacibiapina
Owen Fernau: https://twitter.com/ofernau
Devin Sawyer: https://twitter.com/devinsawyer
Samuel Haig: https://twitter.com/samuel_haig
Aleks Gilbert: https://twitter.com/aleks_gilbert
Diego Cabral: https://twitter.com/DiegoCabral__
Nick Duddy: https://twitter.com/nickduddy

#TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain

Crypto Industry Outlook as BlockFi Files For Bankruptcy


Bernstein Managing Director of Global Digital Assets Gautam Chhugani discusses his outlook for the crypto sector as BlockFi files for bankruptcy in the wake of FTX’s collapse. Plus, the Grayscale Bitcoin Trust (GBTC) is drawing market attention after sister company Genesis Global Capital said its lending unit would halt customer withdrawals. Grayscale Investments, which manages GBTC, Genesis and CoinDesk are owned by Digital Currency Group.

BlockFi Goes Bankrupt as FTX Contagion Spreads


Crypto lender BlockFi has filed for Chapter 11 bankruptcy protection in the U.S., becoming the latest company to collapse due to an FTX shockwave that shows little sign of abating.

Digital financial services company BitGo has been chosen by FTX as the custodian of the bankrupt crypto exchange’s remaining assets. And BitGo CEO Mike Belshe joins Jeremy Varlow and Moritz Seibert for today’s Crypto Daily Briefing to talk about his company’s role in the process of identifying, gathering, and securing assets for FTX creditors.

Later, Tania Reif, the chief investment officer at Senda Digital Assets, joins for a discussion of Bahamian officials’ defense of their country’s crypto regulatory regime, Binance’s expansion of its industry recovery fund, and MetaMask’s user data controversy.

We want to hear from you too – please share your questions, comments, and suggestions!

#blockfi #ftx #bitgo #binance #metamask #btc #eth

About Real Vision™:
Real Vision™ is where you can understand the complex world of finance, business, and the global economy with real in-depth analysis from experts.

Connect with Real Vision™ Online:
Real Vision Crypto: http://rvtv.io/CryptoRV​​​​​​​​​
Twitter: https://rvtv.io/twitter​​​​​​​​​​​​​​​​
Instagram: https://rvtv.io/instagram​​​​​​​​​​​​​​​
Facebook: https://rvtv.io/facebook​​​​​​​​​​​​​​​
Linkedin: https://rvtv.io/linkedin​​​​​​​​​​​​​​​​

#Crypto #Blockchain #web3 #raoulpal #realvision #cryptonews #cryptotrading #cryptocurrency #cryptoanalysis

Disclaimer:
This is pretty obvious, but we should probably say it anyway so that there is absolutely no confusion…The material in REAL VISION GROUP video programs and publications {collectively referred to as “RV RELEASES”} is provided for informational purposes only and is NOT investment advice. The information in RV RELEASES has been obtained from sources believed to be reliable, but Real Vision and its contributors, distributors and/or publisher, licensors, and their respective employees, contractors, agents, suppliers, and vendors { collectively, “Affiliated Parties”} make no representation or warranty as to the accuracy, timeliness or completeness of the content in RV RELEASES. Any data included in RV RELEASES are illustrative only and not for investment purposes. Any opinion or recommendation expressed in RV RELEASES is subject to change without notice. RV Releases do not recommend, explicitly or implicitly, or suggest any investment strategy. Real Vision Group and its Affiliated Parties disclaim all liability for any loss that may arise (whether direct indirect, consequential, incidental, punitive or otherwise) from any use of the information in RV RELEASES. Real Vision Group and its Affiliated Parties do not have regard for any individual’s, group of individuals’, or entity’s specific investment objectives, financial situation, or circumstance. RV RELEASES do not express any opinion on the future value of any security, currency, or other investment instruments. You should seek expert financial and other advice regarding the appropriateness of the material discussed or recommended in RV RELEASES and should note that investment values may fall, you may receive less back than originally invested and past performances are not necessarily reflective of future performances. Well, that was pretty intense! We hope you got all of that – now stop reading the small print and go and enjoy Real Vision.

FTX Fallout: Blockfi files for bankruptcy following FTX collapse | LiveNOW from FOX


Cryptocurrency lender BlockFi filed for Chapter 11 bankruptcy protection Monday, the latest casualty of the collapse of crypto exchange FTX.

New Jersey-based BlockFi had been struggling for much of this year but was given a lifeline this summer in the form of an FTX line of credit. FTX’s own bankruptcy, however, all but sealed BlockFi’s financial fate. BlockFi suspended withdrawals after FTX’s failure, and it had hired bankruptcy specialists in recent days.

Subscribe to LiveNOW from FOX! https://www.youtube.com/livenowfox?sub_confirmation=1
Where to watch LiveNOW from FOX: https://www.livenowfox.com/
Follow us @LiveNOWFOX on Twitter: https://twitter.com/livenowfox

Raw and unfiltered. Watch a non-stop stream of breaking news, live events and stories across the nation. Limited commentary. No opinion. Experience LiveNOW from FOX.