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BREAKING: WSJ warns of potential BlockFi bankruptcy

7:35 PM 15 November 2022

A moment ago, the WSJ reported that the BlockFI exchange is preparing for a possible bankruptcy due to the latest wave of negative factors in the crypto market. The agency added that the exchange plans to lay off some employees. BlockFI has suspended customer withdrawals.

Official screenshot from the BlockFi homepage. Source: BlockFi

Bitcoin seems to be little affected by this negative news and continues to hover slightly below the $17000 level. Source: xStation5

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