BlockFi has announced the closure of its platform
🔒 Cryptocurrency lender BlockFi has announced that it will be shutting down its web platform in May 2024. The exact closure date will be specified later.
✔️In November 2022, the company filed for bankruptcy under Chapter 11 of the U.S. Bankruptcy Code. This occurred approximately two weeks after the collapse of FTX and Alameda Research. Previously, BlockFi acknowledged that the exchange and its subsidiary had outstanding obligations to the company.