BlockfIS 1,2-billion dollar connection with FTX, Alameda Research-show non-edited financial documents.
BlockfIS 1,2-billion dollar connection with FTX, Alameda Research-show non-edited financial documents.
not edited documents that were incorrectly sent to the insolvency court indicate that the now dissolved crypto loan blockfi had tied more than $ 1.2 billion at FTX and Alameda Research. The accidentally revealed documentation shows that Blockfi's engagement in the bankruptcy crypto FTX was greater than what the company had previously disclosed.
Unprecuted documents reveal blockfi's commitment of Blockfi in FTX in the amount of $ 1.2 billion, Alameda Research
It seems that Blockfi had bound a lot more money with FTX and Alameda Research than originally proposed by the company. A cnbc Test report points out that not edited documents have been incorrectly sent to the bankruptcy court, which reveals that Blockfi had $ 415.9 million with FTX and around $ 831.3 million of loans to Alameda Research.
The latest blockfi registration shows that $ 1.2 billion are allegedly bound with both FTX and Alameda, both belong together for insolvency protection according to chapter 11. cited the loans to Alameda, around 671 million US dollar, And another $ 355 million are said to be closed on the FTX exchange. Blockfi stopped on November 10, 2022, one day before ftx Registered bankruptcy.
Two days before the break, Blockfi co-founder Flori Marquez told the crypto community that "Blockfi is an independent business unit" in the middle of the FTX drama. She also noticed that Blockfi had a "credit line of $ 400 million [ftx us] (not ftx.com) and will remain an independent unit by at least July 2023." Less than a month later, Blockfi for insolvency protection according to chapter 11 in State of New Jersey.
CNBC also reports that Blockfi still has 125 employees on the Blockfi salary list and that a total of $ 11.9 million are taken on the annual basis. In addition, according to a presentation designed by M3 Partners, five top executives from Blockfi still earn $ 822,000 for the year. Mackenzie Sigalos from CNBC turned to Blockfi, but the company "did not respond to a request for comment".
What are the effects in your opinion this blockfi compensation? Let us know your thoughts in the comment area below.
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