Crypto lender BlockFi files for bankruptcy, cites FTX exposure

BlockFi was founded in 2017 by Prince, currently the company’s chief executive officer, and Flori Marquez. Though headquartered in Jersey City, BlockFi also has offices in New York, Singapore, Poland and Argentina, according to its website. The filing in a New Jersey court comes as crypto prices have plummeted. The price of bitcoin is down more than 70% from a 2021 peak.

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