Crypto lender BlockFi files for bankruptcy in New Jersey

Crypto lender BlockFi files for bankruptcy in New Jersey

By Hannah Lang, Niket Nishant and Manya Saini

(Reuters) -Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it said on Monday, the latest crypto casualty to follow the spectacular collapse of the FTX exchange earlier this month.

The filing in a New Jersey court comes as crypto prices plummet, with bitcoin down more than 70% from a 2021 peak.

New Jersey-based BlockFi had links with FTX, which filed for protection in the United States…


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