THE HASH: Crypto Lender BlockFi Declares Bankruptcy Following the Collapse of FTX

CoinDesk Podcast Network

This episode is sponsored by minima.global and Circle.

The most valuable crypto stories for Monday, Nov. 28, 2022.

"The Hash" team discusses the latest developments on BlockFi as the crypto lender announced it is filing for Chapter 11 bankruptcy protection, a day after suspending withdrawals amid the fallout from bankrupt FTX's collapse. In the meantime, BlockFi plans to restructure its operations. Also, Binance is getting more investors interested in its $1B raise for an industry recovery initiative.

See also:

Ether Drops as Large Investor Moves 73K ETH to Binance

BlockFi Files for Bankruptcy as FTX Contagion Spreads

California Finance Regulator Revokes BlockFi's Lending License

Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse

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This episode has been edited by Michele Musso. Our executive producer is Jared Schwartz. Our theme song is “Neon Beach.”

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Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses.

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