blockfi

In an effort to recoup shares in Robinhood, BlockFi, a recently bankrupt cryptocurrency lender, is suing former FTX CEO Sam Bankman-Fried. They stated that SBF offered Robinhood shares as collateral two days prior to FTX's collapse. BlockFi complained to the New Jersey bankruptcy court on...

The collapse of the FTX empire has started to put pressure on other crypto exchanges as well. BlockFi, a cryptocurrency lending firm, has been the most severely impacted. BlockFi was on the verge of closure as economic pressure mounted after Iowa imposed heavy fines on it, with SBF-owned firms...