BlockFi Granted Extension to May 15 for Bankruptcy Exit Plan
- Lending
- Regulation
Crypto lender BlockFi, which filed for bankruptcy in November 2022 after the FTX collapse, received a court extension until May 15 to develop its Chapter 11 exit plan. CT users roasted the ongoing delays, with many doubting full recovery for creditors amidst the broader lending crisis. This came as a grim reminder of the cascading failures from 2022's bear market.