Blockfills Burns $75M in Bankruptcy as Institutional Crypto Implodes Again
Another institutional crypto lender just vaporized $75 million and proved that "institutional grade" still means nothing in this market. The Signal Blockfills filed for Chapter 11 bankruptcy after suspending customer withdrawals, racking up $75 million in losses, and facing allegations of misusing customer funds. This is the same bankruptcy playbook we've seen run three times since 2022: Celsius, FTX, BlockFi. The pattern is now a
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