In the latest fallout from the swift collapse of FTX, cryptocurrency lender BlockFi is said to be preparing a potential bankruptcy filing, the Wall Street Journal reported, citing unnamed people familiar with the matter. The move comes after the lender halted withdrawals on customer deposits and acknowledged having significant exposure to FTX, the newspaper said. BlockFi paused withdrawals and limited activity on its platform last week, according to the Wall Street Journal.
Agencies from the SEC, the DOJ and beyond all will play a role in unwinding the mess unleashed by the collapse of FTX.
Vivien Lou Chen is a Markets Reporter for MarketWatch. You can follow her on Twitter @vivienlouchen.
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