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BlockFi Died 4 Months After FTX Bailed It Out
BlockFi settled a $100 million SEC action in February 2022 over its BlockFi Interest Accounts. In July 2022 FTX gave BlockFi a $400 million revolving credit facility with an option to acquire the firm. When FTX collapsed in November 2022, BlockFi's exposure to Alameda and 3AC ended it. BlockFi filed Chapter 11 on November 28, 2022. Customers ...
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