Troubled lender BlockFi has filed for Chapter 11 bankruptcy protection, making it the next victim of FTX’s fallout. Once one of the biggest and most rapidly growing startups in the cryptocurrency space, BlockFi has been struggling to keep afloat since the collapse of Three Arrows Capital and other crypto companies in May. In July, competitor crypto lender Nexo offered to acquire BlockFi for an estimated $850 million. But that offer was turned down by the company in favor of a $400 million revolving credit offer from FTX US. Now, with FTX in shambles — facing legal and financial troubles of its own — BlockFi is once ... (full story)