Tag: Bitfront

  • BlockFi in Chapter 11, Bitfront raises the white flag and shuts down

    BlockFi in Chapter 11, Bitfront raises the white flag and shuts down

    The cryptocurrency sector counts victims. Unsurprisingly, lender BlockFi also filed for Chapter 11 bankruptcy. The New Jersey-based company had halted withdrawals for more than two weeks and everyone was waiting only for the official news of the breach. Now, to get their money back, creditors will have to wait for the bankruptcy process, though hopes…