🚨BlockFi's Chapter 11 solicitation period has begun!🚨 Creditors can now vote on the bankruptcy plan until Sep. 11, 2023. The company faced a liquidity crisis in 2022 after Three Arrows Capital's collapse and filed for bankruptcy on Nov. 28, 2022. The creditors' committee claims poor management, not FTX's collapse, is the main reason for BlockFi's bankruptcy. 💼📉

What are your thoughts on BlockFi's situation? Share your opinions in the comments below! 👇