The collapse of the world’s third largest cryptocurrency exchange FTX has claimed another victim, with crypto lender BlockFi filing for Chapter 11 bankruptcy protection in the United States Bankruptcy Court for the District of New Jersey on Monday. Follow benzinga In its bankruptcy filing, the company stated that it had liabilities and assets ranging from $1 billion to $10 billion and over 100,000 creditors. On Nov. 11, the same day FTX filed for bankruptcy, BlockFi, which allowed users to receive yields for depositing dormant cryptocurrency on the platform, stopped allowing withdrawals. “With the collapse of FTX, the BlockFi management team and board of directors immediately took action to protect clients and the Company,” said Mark Renzi of Berkeley Research Group, the Company’s financial advisor in a press statement. “From inception, BlockFi has worked to positively shape the cryptocurrency industry and advance the sector. BlockFi looks forward to a transparent process that achi...