BlockFi files for Chapter 11 bankruptcy protection and plans to lay off a large portion of its staff (Decrypt)

Bloomberg:
Sources: BlockFi plans to file for bankruptcy within days, after pausing withdrawals; FTX US gave the crypto lender a $400M revolving credit line in July 2022  —  Cryptocurrency lender BlockFi Inc. is preparing to file for bankruptcy within days, according to people with knowledge of the matter …

Nikhilesh De / CoinDesk:
BlockFi pauses withdrawals and asks users not to deposit to its wallet or interest accounts, saying it can’t operate normally amid “lack of clarity” around FTX  —  BlockFi had made a deal with FTX earlier this year.  —  Crypto Lender BlockFi said it could not conduct business …

Tomio Geron / Protocol:
BlockFi debuts a digital assets interest product for US accredited investors, after shutting down a yield-paying crypto product the SEC said was illegal  —  BlockFi has introduced a new digital assets interest product for accredited investors, after previously agreeing to shut …

Sam Reynolds / CoinDesk:
FTX’s FTT drops 19%+ to ~$18 as investors fear possible contagion from the collapse of FTX-linked Alameda; Nansen shows FTX outflows reached $450M+  —  FTT has declined nearly 20% over the course of an hour, with Solana’s SOL down 17% and Serum’s SRM off 10%.

CNBC:
FTX files for Chapter 11 bankruptcy in the US; Sam Bankman-Fried resigns as CEO  —  Sam Bankman-Fried’s cryptocurrency exchange FTX has filed for bankruptcy.

Zi Wang / Decrypt:
Days after Celsius shared all of its users’ names and transaction histories in a bankruptcy filing, a website launches that lists who likely lost the most money  —  Using data likely pulled from its bankruptcy filing, a new tool now shows exactly how much different users lost following Celsius’ collapse.