Crypto lender is reportedly preparing for bankruptcy amid uncertainty with FTX
It looks like another crypto lender is preparing for bankruptcy.
Block-Fi is the lender in question, according to Bloomberg.
The chain was put withdrawals on hold, and comes amid uncertainty with FTX.
FTX and Block-Fi are tied together, in July the company shared 400 million dollars in credit lines.
It’s believed he deal also came with an option to purchase the company.
Block-Fi representatives are yet to comment on the matters.
