representative laid the blame for the crypto lender’s bankruptcy filing Monday squarely on FTX Trading, whose Alameda Research affiliate defaulted on $680 million of collateralized loans to the digital financing platform.by Mark A.
After the BlockFi’s credit request was denied, Alameda defaulted on $680 million of collateralized loan obligations, “the recovery on which is unknown,” according to the affidavit.The lender also has cryptocurrencies held on the FTX exchange that “became trapped” because of that company’s bankruptcy filing, according to the affidavit.
I wonder how we get there…
When are you guys running a piece on SBF_FTX
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