Unredacted document shows $1.2B in BlockFi assets linked to SBF
Financials published by mistake showed that BlockFi has over $1.2B tied to FTX and Alameda — way more than the $1.02B previously claimed.
Cryptocurrency news by Protos · Protos
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Show Notes
Bankrupt lender BlockFi was revealed to have more than $1 billion in assets linked to FTX and Alameda Research when a creditor committee accidentally published unredacted financial records.
As reported by CNBC, the hastily-unpublished documents showed that the company, which filed for Chapter 11 bankruptcy protection in November, has just under $416 million worth of assets tied to FTX and a little over $831 million in loans to Alameda. This is considerably more than the $1.02 billion claimed in previous financial disclosures.
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