BlockFi Sells $160M Bitcoin Mining Hardware-Backed Loans in Bankruptcy
• BlockFi filed for Chapter 11 bankruptcy in November 2022 citing exposure to the just collapsed FTX. • The crypto lender plans to sell off $160 million in loans backed by Bitcoin mining hardware as part of the bankruptcy legal proceedings. • Bidders have until January 24 to send offers. In November 2022, BlockFi, a cryptocurrency lending service, filed for […]
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