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 GENIUS Act & Stablecoin Regulation: BRG's Dominic Zagara on Crypto's Defining ... 2 days ago
  • Bitcoin Weekly Analysis: Volume-Price Divergence and High-Level Consolidation Anticipat... 5 days ago
  • Will Introduction of the Stablecoin Act Trigger a Financial Tsunami? 6 days ago
  • Trump Just Opened the Floodgates: What Happens When $9 Trillion in Retirement Money Hit... 9 days ago
  • US Crypto Stash Shock: Marshals' Low BTC Count Fuels 'Secret Sale' Debate, Ignites Buyb... 10 days ago

    • You need to login to comment.