{"id":83230,"date":"2022-11-29T00:09:38","date_gmt":"2022-11-29T05:09:38","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=83230"},"modified":"2022-11-29T01:14:09","modified_gmt":"2022-11-29T06:14:09","slug":"how-ftx-death-spiral-spelled-doom-for-blockfi-according-to-bankruptcy-filing","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/11\/2022\/how-ftx-death-spiral-spelled-doom-for-blockfi-according-to-bankruptcy-filing.html","title":{"rendered":"How FTX \u2018death spiral\u2019 spelled doom for BlockFi, according to bankruptcy filing"},"content":{"rendered":"\n<p>(CNBC) There was supposedly one man who could save crypto \u2014 Sam Bankman-Fried. The former <a href=\"https:\/\/www.cnbc.com\/quotes\/FTT.CM=\/\">FTX<\/a> CEO bailed out and took over crypto firms as cryptocurrency markets withered with Terra\u2019s spring crash. In October, FTX won the bidding war for bankrupt crypto firm <a href=\"https:\/\/www.cnbc.com\/quotes\/VYGVQ\/\">Voyager<\/a> Digital in a highly advantageous deal. With the collapse of FTX, the firms which Bankman-Fried saved now find themselves in an uncertain state. Voyager put itself back up for auction last week. Today, BlockFi filed for bankruptcy in New Jersey.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2022\/11\/28\/how-ftx-death-spiral-spelled-doom-for-blockfi-according-to-filing.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) There was supposedly one man who could save crypto \u2014 Sam Bankman-Fried. The former FTX CEO bailed out and took over crypto firms as cryptocurrency markets withered with Terra\u2019s spring crash. In October, FTX won the bidding war for [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-83230","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83230","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=83230"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83230\/revisions"}],"predecessor-version":[{"id":83231,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/83230\/revisions\/83231"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=83230"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=83230"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=83230"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}