YouTubers who promoted FTX and BlockFi are facing backlash amid the crypto meltdown
BlockFi is the latest crypto company to file for Chapter 11 bankruptcy.
The news follows the downfall of FTX, which was promoted by many prominent influencers.
Finance influencers who promoted these companies are being called out by fans and creators.
Finance influencers are facing skepticism and backlash from fans following the downfall of prominent crypto platforms, which some creators took an active role in promoting.
Crypto lender BlockFi filed for Chapter 11 bankruptcy on Monday in the wake of FTX's implosion, which has rocked the sector. These companies worked with dozens of celebrities and influencers on paid partnerships. FTX poured millions of dollars into deals with star athletes like Tom Brady and the MLB.