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 Crypto Treasury Boom Meets Regulatory Chill: Is the DAT Frenzy Fading? 17 hours ago
  • Nasdaq Takes Aim at 'Crypto-Flipping' Companies with Stricter Rules 5 days ago
  • BTC Weekly Outlook: The Oversold Bounce—A Bottom or a Shorting Opportunity? 7 days ago
  • The Making of a Political Darling: Is Chainlink’s Government Deal a Victory for Tech or... 12 days ago
  • Google Steps Into Blockchain: A New Front in the “Ledger Wars” 13 days ago

    • You need to login to comment.