Due to the bankruptcy of FTX Trading, a major crypto asset exchange, the management of crypto asset lending companies that received financial support from FTX has come to a standstill, and there is growing concern in the industry about the spread of the impact.
BlockFi, a company based in the United States that was involved in the lending of crypto assets, was in a financial stalemate. It applied for application to the American court and announced that it was bankrupt.
“BlockFi” received financial support from FTX Trading, a major cryptocurrency exchange business, but the US media reported that it had reached a financial standstill due to the bankruptcy of FTX on the 11th of this month.
According to the documents submitted by the company to the court, the total amount of debt is estimated to be between 1 billion and 10 billion dollars, approximately 140 billion yen up to 1.4 trillion yen in Japanese yen, and the number of creditors is more than 100,000. is.
It also means that withdrawals of funds from customers are currently suspended.
In the cryptocurrency industry, there is growing concern about the spread of the impact of a large chain of bankruptcies following FTX, which has been operating in countries around the world.
Experts: More bankruptcies may be on the horizon
Bloomberg reporter Hannah Miller, who has a long experience covering the cryptocurrency industry, commented on the bankruptcy of "BlockFi", saying, "Usually, BlockFi would have been able to ask investors for emergency funding. , I think it would have been very difficult to seek relief because there are so many uncertainties in the cryptocurrency industry right now and investors are nervous."
After that, "I think the company will do its best to refund the customer, but there are many uncertainties in the series of problems surrounding FTX, and I do not know if the refund will be realized." A chain of bankruptcies seems to be occurring, and more bankruptcies may be imminent."