BlockFi

BlockFi is the latest to be affected by FTX contagion — a round up of the key events that have unfolded so far

A Sam Bankman-Fried holding company pledged Robinhood stock as collateral for more than half a billion dollars in loans from BlockFi

Silvergate has been working to reassure customers of its solvency in light of multiple bankruptcies across crypto, including BlockFi

BlockFi has roughly 100,000 creditors with $1 billion to $10 billion in liabilities and assets

FTX in July had planned to acquire BlockFi for up to $240 million, depending on the startup’s performance triggers

But will BlockFi customers want to do business with centralized exchanges after the FTX debacle?

FTT has tanked around 19% in the past 24 hours, putting its seven-day decline at roughly 90%, while bitcoin and ether erase Thursday’s gains

BlockFi has been swept up in the widespread crypto reckoning, admitting it can’t function properly due to the ongoing FTX crisis

Bitcoin platform NYDIG reportedly laid off 110 employees despite recent capital raises

BlockFi was one of the fastest growing crypto startups in history, but bear market realities struck during a week of rapid calls before Bankman-Fried’s bailout

The cryptocurrency lender is encouraging staff to take 10 weeks of pay and leave the company

BlockFi once owned more than 5% of all Grayscale Bitcoin Trust stock, but now the cryptocurrency lender doesn’t directly maintain any at all

Industry watchers expect well-funded companies in the sector to seek out opportunities during the downturn

The agreement will also give BlockFi a $400 million revolving credit facility

Zhao says Binance is having acquisition conversations with more than 50 crypto companies

The sale’s timeline was accelerated after competitors mounted rival bids, three sources told Blockworks

After Iowa ordered BlockFi to pay a hefty fine, the state securities regulator has granted the firm a stablecoin trading license

Celsius execs believe most users would prefer the troubled cryptocurrency lender avoid the uphill task of bankruptcy

Blockworks exclusive: The executive was the only one cut from the trading team, one source said

Timeline: Grappling with volatility, crypto firms are halting withdrawals, carrying out emergency assessments and preparing for a bear market

FTX’s $250 million credit line could practically wipe out BlockFi’s investors, shareholders and management, Morgan Creek’s Mark Yusko said

Thousands of employees have been let go at the start of this crypto winter, but experts say layoffs are not necessarily the best option for companies

FTX CEO Sam Bankman-Fried says his company takes seriously its duty to protect the digital asset ecosystem

The lender made the move to mitigate risks following fears of market contagion amid Three Arrows’ troubles

Swaths of employees in the crypto space have been let go from their jobs this month