BlockFi Reportedly Prepares for Possible Bankruptcy Filing; Bahamian Supreme Court Approves Liquidators for FTX Assets

Crypto lender BlockFi is reportedly preparing a potential bankruptcy filing because of its "significant exposure" to bankrupt crypto exchange FTX. FTX could have more than 1 million creditors and has been in contact with “dozens” of regulators around the world. The Supreme Court of the Bahamas has approved two insolvency experts at PwC as provisional liquidators overseeing FTX's assets.