Crypto News

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

Grow your portfolio: Optimize your earning potential.

Want to grow your stock portfolio? Then you must develop the skill to make the right decisions, which takes time consistently. What if there is a time-saving option to making this technical decision? That is where the Stocks Profit signal service comes in. The algorithmic trading platform gives you up-to-the-minute and accurate updates that help you trade or invest your way to the top of the stock market. What’s more? The Stocks Profit is free. You can start receiving profitable trading suggestions right on your phone. Click here to learn more.

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.

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.

   

Source

Exit mobile version