BlockFi blames FTX for bankruptcy but lets bitcoin mining debt slide
Alongside the $275 million from FTX, BlockFi is also owed $54 million from bitcoin miner Core Scientific — but it hasn’t called in that debt.
Cryptocurrency news by Protos · Protos
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Show Notes
Crypto lender BlockFi is blaming its recent bankruptcy on now-infamous Bahama’s-based exchange FTX, citing an unpaid and uncollateralized debt of $275 million.
However, despite the money owed from Sam Bankman-Fried’s imploding empire, BlockFi also lists more than $1 billion in additional uncollateralized debt to other borrowers and massive amounts of supposedly collateralized debt.
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