Crypto Firm BlockFi Files For Bankruptcy After FTX Collapse

The troubled crypto firm BlockFi has filed for bankruptcy in the US, as the dramatic collapse of FTX continues to reverberate across the industry. <br />The company had already halted most activity on its platform, citing significant exposure to FTX. <br />BlockFi says it was seeking court protection to restructure, settle its debts and recover money for investors. <br />BlockFi received a rescue deal from FTX earlier this year as the values of cryptocurrencies plunged.