BlockFi has officially filed for chapter 11 bankruptcy in the United States, but just how bad is BlockFis bankruptcy? Was BlockFi a ponzi scheme scam, or did Zac Prince and Flori Marquez get scammed by FTX and Sam Bankman-Fried? Lets dig deeper, also sub! https://voskco.in/sub BlockFi insolvency Discord group (not VoskCoin) - https://discord.gg/NkV6vqauBr Join the VoskCoin Discord server to connect w/ me and others - https://voskco.in/discord Find community over on the VoskCoinTalk forum - https://voskcointalk.com Link to the official notice of bankruptcy - https://blockfi.com/November28-ClientUpdate Apparently, BlockFi had no problems operating just days before they halted withdrawals, and almost a month later it has now been revealed that they need to file Chapter 11 bankruptcy. This shocking news has left many of us wondering what’s next - but the BlockFi bankruptcy publicly available documentation may help make the picture a little clearer. Let’s take a look at just how exposed BlockFi was to the FTX contagion, what their current situation looks like, and where things could be headed after this. To be very clear, BlockFi has about a quarter billion dollars of cash on hand, unrelated to BlockFi client deposits, but here's the issue... they are missing much more money than that which is why they cannot just use those funds to make the blockfi users whole... There's a lot to decipher, a lot of FUD, and a bit of hope in the BlockFi bankruptcy but no, it's not good news overall, at all, especially for those severely impacted like myself... ? Read the investigation threads here: ? BlockFi sues SBF for his stake in Robinhood - https://twitter.com/watcherguru/status/1597366870008823809?s=46&t=itlynV5P1292CvUxhz6U0A How does BlockFi manage client funds? Web archive version - https://web.archive.org/web/20220701181928/https://help.blockfi.com/hc/en-us/articles/7015347407764-What-happens-to-my-assets-after-they-are-transferred-to-BlockFi-and-how-does-BlockFi-manage-related-risks- Crypto bankruptcy filing index for 2022 - https://www.theblock.co/post/190354/crypto-bankruptcy-filings-from-3ac-to-blockfi Zac and Flori from BlockFi - https://twitter.com/BlockFiZac https://twitter.com/FounderFlori ⏰ Timestamps ⏰ 00:00 More terrible news for crypto… BlockFi bankruptcy 00:57 BlockFi bankruptcy filing key takeaways 03:12 SEC fined BlockFi $100 million! 06:00 Who are Ankura Trust? $700 million owed?! 08:58 Order of funds to be paid out 10:08 BlockFi vs SBF & FTX 12:10 BlockFi Wallet coins to be returned? 12:49 Crypto bankruptcies in 2022 14:00 Mt. Gox bankruptcy has taken 10 years! 15:00 Is BlockFi doomed? Follow us on our official social media accounts - https://voskco.in/22 VoskCoin is for entertainment purposes only and is never intended to be financial investment advice. VoskCoin owns or has owned cryptocurrency and associated hardware. VoskCoin may receive donations or sponsorships in association with certain content creation. VoskCoin may receive compensation when affiliate/referral links are used. VoskCoin is home of the Doge Dad, VoskCoin is not your Dad, and thus VoskCoin is never liable for any decisions you make. #VoskCoin #crypto #blockfi #ftx #cryptonews #bearmarket #cryptocurrency #cryptocrash #sbf