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Breaking: BlockFi reportedly posts uncensored financials revealing $1.2 billion FTX publicity

News Room by News Room
Jan 24, 2023 9:48 pm EST
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Bankrupt crypto lending agency BlockFi has reportedly uploaded financials accidentally, revealing $1.2 billion in property tied up with bankrupt trade FTX and Alameda Analysis.

In accordance with a Jan. 25 report from CNBC, the unredacted filings present that as of Jan. 14, BlockFi had $415.9 million value of property linked to FTX, and a whopping $831.3 million in loans to Alameda.

The financials had been leaked as a part of a presentation put collectively by M3 Companions, who’s an advisor to the creditor committee.

The crypto lending agency filed for Chapter 11 Chapter on Nov. 28, weeks after the collapse of FTX.

It is a creating story, and additional info might be added because it turns into accessible.

Read the full article here

Tags: Fintech
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