Bankrupt crypto lender BlockFi accidentally reveals it had over $1.2 billion in assets tied up with FTX
Bankrupt crypto lender BlockFi accidentally revealed it had over $1.2 billion in assets tied to FTX and its sister trading arm Alameda Research,The redacted sections include"trade secret[s] or confidential research, development, or commercial information," one of the The findings show BlockFi's exposure to Sam Bankman-Fried's collapsed crypto empire was greater than previous disclosures had indicated.
As of January 14, unredacted filings show BlockFi had $415.9 million worth of assets linked to FTX and $831.3 million tied to Alameda. However, lawyers representing BlockFi previously said the firm hadBlockFi did not immediately respond to Insider's request for comment. The company has been on a rocky road in the past year. It filed for Chapter 11 bankruptcy protection last November, citing significant exposure to FTX and the now-defunct crypto hedge fund Three Arrows Capital. The crypto lender has overIt's entanglement with FTX began last July, when the company inked a deal with Bankman-Fried's exchange to receive a $400 million revolving credit line as part of a rescue deal.
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