Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)

Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)

Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty) By Cointelegraph

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Cryptocurrency 17 minutes ago (Jan 28, 2023 04:00AM ET)

(C) Reuters.

Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the Terra fiasco, which resulted in one of the most prolific asset death spirals of all time, the company managed to avoid bankruptcy after receiving a $400 million lifeline in July 2022. The problem? Its lender was FTX US, and we all know what happened next.

Although BlockFi has attempted to separate itself from Sam Bankman-Fried’s fraud in the aftermath of FTX’s collapse, its secret financials tell a different story.

Breaking: BlockFi uncensored financials reportedly shows $1.2B FTX exposure

BlockFi to sell $160M in Bitcoin miner-backed loans: Report

New ‘Celsius token’ may be used to repay creditors: Report

Injective launches $150M ecosystem fund to boost DeFi, Cosmos adoption

Before you go: Why is crypto pumping?

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Crypto Biz: A peek into BlockFi’s secret financials (it’s not pretty)

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