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blockfi a large crypto exchange filed for chapter 11 bankruptcy after the collapse of FTX on November 28th loc5 stated they had docHub exposure with assets owed to them by Alameda and FTX due to cryptocurrency not being FDIC or insured their 100 000 creditors and users risked losing their funds value between 1 billion dollars to 10 billion dollars block Phi is working on recovering the obligations owed to them by FTX but they expect the process to be delayed