Jersey City, New Jersey-based cryptocurrency firm Blockfi <a href="https://time.com/6237142/blockfi-bankruptcy-ftx/"> Blockfi </a> filed for bankruptcy and had already halted withdrawals of customer deposits and admitted it had significant exposure to crypto exchange FTX. <center><img src="https://api.time.com/wp-content/uploads/2022/11/GettyImages-1243378320.jpg?quality=85&w=800"/></center> Following BlockFi's negative news, the price of bitcoin dropped to $16,100. Following the bankruptcy filing of Blockfi, one of the most important cryptocurrency exchanges and lenders in the crypto ecosystem, the volatile situation continues to steadily deteriorate. Thanks for reading, have an exciting and productive day. Posted Using [LeoFinance <sup>Beta</sup>](https://leofinance.io/@flavaw/cryptocurrency-exchange-and-lenders-blockfi-went-bankrupt)
| author | flavaw |
|---|---|
| permlink | cryptocurrency-exchange-and-lenders-blockfi-went-bankrupt |
| category | hive-167922 |
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| created | 2022-11-29 12:46:33 |
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| author | hivebuzz |
|---|---|
| permlink | notify-flavaw-20221129t151407 |
| category | hive-167922 |
| json_metadata | {"image":["http://hivebuzz.me/notify.t6.png"]} |
| created | 2022-11-29 15:14:06 |
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