Odaily Planet Daily News Crypto lending company BlockFi and its eight subsidiaries have officially filed for bankruptcy reorganization in the New Jersey Bankruptcy Court. BlockFi will focus on recovering all debts owed to BlockFi by its counterparties (including FTX and related corporate entities). Due to the recent collapse of FTX and its subsequent bankruptcy proceedings are still ongoing, the company expects FTX's recovery efforts to be delayed. In addition, BlockFi currently still holds $256.9 million in cash, and platform services will continue to be suspended. (Bussiness Wire)