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World Business Report: First broadcast 28/11/2022 22:32 GMT : Crypto lender BlockFi files for bankruptcy after FTX crash

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Crypto lender BlockFi files for bankruptcy after FTX crash

First broadcast 28/11/2022 22:32 GMT 

First broadcast 28/11/2022 22:32 GMT : Crypto lender BlockFi files for bankruptcy after FTX crash

BBC World Service - World Business Report, Crypto lender BlockFi files for bankruptcy after FTX crash

The firm previously admitted to having "significant exposure" to FTX

The firm previously admitted to having "significant exposure" to FTX, which collapsed in mid-November after a rush of customer withdrawals ran out its reserves.

The firm had previously admitted to have "significant exposure" to FTX, which collapsed in mid-November after a rush of customer withdrawals ran out its reserves. We look into the repercussions that this might have in the crypto industry.

Also in the programme, Disney’s returning CEO, Bob Iger, has outlined his vision for a company that had lost momentum in the last few months. We discuss the challenges the executive faces, which includes reversing recent losses registered by the company in their streaming and film-producing businesses. 

And we look into why Ghana has announced the steepest interest rate hike of the last 19 years.

(Picture: Illustration shows representations of cryptocurrency Bitcoin. Picture credit: Reuters)

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First broadcast 28/11/2022 22:32 GMT : Crypto lender BlockFi files for bankruptcy after FTX crash

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