Express

Bankrupt BlockFi Has $355 Million in Crypto Locked in FTX

Mary Liu

Summary: According to Coindesk, Kirkland & Ellis partner lawyer Joshua Sussberg said in a bankruptcy court in New Jersey that BlockFi, which has filed for bankruptcy protection, currently freezes about $355 million in cryptocurrencies on the FTX. This amount does not include a $671 million loan to Alameda Research. FTX, once valued at $32 billion, filed ...

According to Coindesk, Kirkland & Ellis partner lawyer Joshua Sussberg said in a bankruptcy court in New Jersey that BlockFi, which has filed for bankruptcy protection, currently freezes about $355 million in cryptocurrencies on the FTX. This amount does not include a $671 million loan to Alameda Research.

FTX, once valued at $32 billion, filed for Chapter 11 bankruptcy in Delaware earlier this month. The firm lent BlockFi $275 million earlier this year and was listed as BlockFi’s second-largest creditor in the bankruptcy filing.

Last Update:

Tags: ,
Link: Bankrupt BlockFi Has $355 Million in Crypto Locked in FTX   [Copy]
Next:

Related Articles

  • The Road to 2026: Where Is the Web3 Ecosystem Heading Next? 15 days ago
  • Vishwa Advances Agentic Infrastructure Research Through Contribution to Emerging Framew... November 22, 2025
  • BitMart US Launches Operations with 49-State Licensing and Zero-Fee Program November 17, 2025
  • Global Financial Giants Enter Stablecoin Arena in Pivotal Shift October 30, 2025
  • CRYPTO'S NEW PLAY: 24/7 STOCK TRADING October 29, 2025

    • You need to login to comment.