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BlockFi to sell $160M in Bitcoin miner-backed loans: Report Cointelegraph via biedex.markets

Bitcoin, ETH, and Dogecoin Plunge While MATIC and LTC Surge

© Reuters.

Bankrupt crypto lending firm BlockFi reportedly has plans to sell off $160 million in loans backed by around 68,000 mining machines as part of bankruptcy proceedings.

In a Bloomberg report on Jan. 24, two people “familiar with the matter” claimed that BlockFi started the process of selling off the loans last year.

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Written by Sandy Sullivan