{"id":36901,"date":"2023-01-29T09:29:27","date_gmt":"2023-01-29T09:29:27","guid":{"rendered":"https:\/\/lydian.io\/?p=36901"},"modified":"2023-01-29T09:29:27","modified_gmt":"2023-01-29T09:29:27","slug":"blockfi-files-for-bankruptcy-as-many-expected-citing-ftxs-collapse-for-its-troubles","status":"publish","type":"post","link":"https:\/\/lydian.io\/blockfi-files-for-bankruptcy-as-many-expected-citing-ftxs-collapse-for-its-troubles\/","title":{"rendered":"BlockFi files for bankruptcy as many expected, citing FTX's collapse for its troubles","gt_translate_keys":[{"key":"rendered","format":"text"}]},"content":{"rendered":"
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\n \t<\/i> Read Time:<\/span>50 Second <\/div>\n\n <\/div>

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BlockFi introduced on Nov. 28 that it had filed for Chapter 11 chapter. That submission<\/a> in america Chapter Court docket for the District of New Jersey impacts the corporate and its eight subsidiaries. The transfer comes after a number of days of hypothesis in regards to the firm's monetary well being following FTX's collapse.<\/p>\n

in response to a expression<\/a>, BlockFi has $256.9 million. It has made requests to \u201cpay staff wages and proceed worker advantages with out interruption. It is also attempting to \"put in place a key worker retention plan to maintain the enterprise safe\" and has created an inner plan to cut back spending. <\/p>\n

BlockFi Worldwide has additionally filed for chapter within the Bermuda Supreme Court docket, in response to the assertion.<\/p>\n

Right this moment, BlockFi filed voluntary actions below Chapter 11 of the U.S. chapter legal guidelines.https:\/\/t.co\/adaAx6me4r<\/a><\/p>\n

\u2013 BlockFi (@BlockFi) November 28, 2022<\/a><\/p>\n

It is a groundbreaking story that can be up to date as improvement continues. <\/p>\n

Source link <\/a><\/p>\n

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BlockFi introduced on Nov. 28 that it had filed for Chapter 11 chapter. That submission in america Chapter Court docket […]<\/p>\n","protected":false,"gt_translate_keys":[{"key":"rendered","format":"html"}]},"author":5,"featured_media":36902,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_seopress_robots_primary_cat":"","_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","footnotes":"","_expiration-date-status":"","_expiration-date":0,"_expiration-date-type":"","_expiration-date-categories":[],"_expiration-date-options":[]},"categories":[7],"tags":[2137,667,611,118,342,1030,341,2495],"acf":[],"gt_translate_keys":[{"key":"link","format":"url"}],"_links":{"self":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/36901"}],"collection":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/comments?post=36901"}],"version-history":[{"count":2,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/36901\/revisions"}],"predecessor-version":[{"id":38317,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/posts\/36901\/revisions\/38317"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/media\/36902"}],"wp:attachment":[{"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/media?parent=36901"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/categories?post=36901"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lydian.io\/wp-json\/wp\/v2\/tags?post=36901"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}