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James Hunt

BlockFills seeks Chapter 11 protection as probe flags alleged $5M Milei-Libra deal and major bitcoin buys

Crypto lender BlockFills has entered Chapter 11 proceedings in Delaware after a period of financial stress, listing up to $100 million in assets against as much as $500 million in liabilities. A separate investigation surfaced a document suggesting a $5 million structure for Argentine President Javier Milei to promote the Libra memecoin, while Strategy added over 22,000 BTC and Abra agreed to a SPAC merger at a $750 million valuation.
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