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Breaking: BlockFi reportedly posts uncensored financials rev...
News

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.

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.

Source: Cointelegraph.com

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