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Crypto lender BlockFi is granted extra time to file Chapter 11 exit plan

The cryptocurrency lender filed for bankruptcy in November 2022 and has been reportedly granted a 48-day extension until May 15 to file an exit plan. The crypto firm is exploring a potential sale of company assets or the possibility of getting an outside backer to support a restructuring deal, BlockFi lawyer Joshua Sussberg said in a hearing Wednesday.

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Source: Cryptocurrency - investing.com

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