Does BlockFi have FTX & Alameda research?

Bankrupt crypto lender BlockFi had over $1.2 billion in assets tied up with Sam Bankman-Fried’s FTX and Alameda Research, according to financials that had previously been redacted but were mistakenly uploaded on Tuesday without the redactions. BlockFi’s exposure to FTX was greater than prior disclosures suggested.

How much money did Bankman-fried invest in FTX & Alameda?

The balance shown in the unredacted BlockFi filing includes $415.9 million worth of assets linked to FTX and $831.3 million in loans to Alameda. Those figures are as of Jan. 14. Both of Bankman-Fried’s firms were wrapped into FTX’s November bankruptcy, which sent the crypto markets reeling.

What's happening with FTX & Alameda?

“We are shocked and dismayed by the news regarding FTX and Alameda.” BlockFi says that given the lack of clarity on the status of FTX, FTX US, and Alameda, "we are not able to operate business as usual." As a result, platform activity—including withdrawals—will be limited.

What happened to BlockFi?

The presentation, assembled by M3 Partners, offers a previously unseen overview of BlockFi’s balance sheet. BlockFi filed for bankruptcy in late November after the collapse of Sam Bankman-Fried’s crypto empire.