Is BlockFi a scam?
New Jersey crypto lender that filed Chapter 11 in November 2022 citing exposure to FTX and Alameda Research. Had previously paid $100M in February 2022 to settle SEC charges over unregistered securities offerings (its yield product).
| Status | collapsed |
|---|---|
| Category | lending-collapse |
| First observed | 2017-08-01 |
| Collapsed | 2022-11-28 |
| Reported victims | 100,000 |