Major cryptocurrency lender BlockFi has filed for Chapter 11 bankruptcy protection along with eight affiliates, it has said, the latest crypto casualty to follow the spectacular collapse of the FTX exchange earlier this month.The filing in a New Jersey court on Monday comes as crypto prices plummet, with Bitcoin down more than 70 percent from a 2021 peak.New Jersey-based BlockFi had links with FTX, which filed for protection in the United States earlier this month after traders pulled $6bn from the platform in three days, and rival exchange Binance abandoned a rescue deal.
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