BlockFi Moves to Liquidate Its Crypto Lending Platform

Bankrupt cryptocurrency lender BlockFi plans to liquidate its cryptocurrency lending platform after concluding that selling the business to a new owner wouldn’t generate enough value for its creditors.

Jersey City, N.J.-based BlockFi outlined its chapter 11 plan of reorganization, which will be sent to creditors—including more than 100,000 retail customers—for a vote, in a document filed Friday with U.S. Bankruptcy Court in Trenton, N.J.


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