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

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


Bankrupt crypto lending firm BlockFi has reportedly uploaded financials by accident, revealing $1.2 billion in assets tied up with bankrupt exchange FTX and Alameda Research.

According to a Jan. 25 report from CNBC, the unredacted filings show that as of Jan. 14, BlockFi had $415.9 million worth of assets linked to FTX, and a whopping $831.3 million in loans to Alameda.

The financials were leaked as part of a presentation put together by M3 Partners, who is an advisor to the creditor committee.

Trending: BREAKING: Brunson Brothers Case Is Back On!

Related: BlockFi to sell $160M in Bitcoin miner-backed loans: Report

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

This is a developing story, and further information will be added as it becomes available.

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend