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.
