Bankrupt crypto lender BlockFi urges court to approve bonuses amid 'war for talent'

Quick Take

  • Crypto lender BlockFi is struggling to retain key employees following its filing for Chapter 11 bankruptcy protection.
  • In a declaration, BlockFi’s chief people officer said resignations have accelerated, and it is losing talent to companies such as Google, Block Inc. and Walmart.

BlockFi is urging the court to approve the payment of bonuses as the crypto lender struggles to retain staff following its filing for Chapter 11 bankruptcy protection.

"Despite an incredibly turbulent time in the digital asset industry, the opportunities for participants elsewhere have not dried up," Chief People Officer Megan Crowell said in a declaration filed Monday. "The war for talent remains active and the participants have many opportunities inside and outside the cryptocurrency sector."