Bankruptcy Crypto Lending Company BlockFi Reportedly accidentally uploading financial data It reveals $1.2 billion in assets linked to FTX and Alameda Research.
According to a Jan. 25 report from CNBC, there are unresolved documents thatshowAs of Jan. 14, BlockFi had $415.9 million in assets linked to FTX and $831.3 million in loans to Alameda.
These numbers are as of January 14, which the company of Bankman-Fried Both locations were included in FTX’s bankruptcy in November. As a result, the crypto market has been destabilized.
BlockFi’s attorney has previously stated that The loan to Alameda is worth $671 million while another $355 million of digital assets is frozen on the FTX platform.
An attorney for the creditors committee confirmed to CNBC that the uncorrected documents were uploaded in error. but declined to comment further.
BlockFi has 662,427 users, of which almost 73% have account balances below $1,000. Those clients had cumulative trading volume of $67.7 million, while total volume was $1.17 billion, with BlockFi making only $14 million in trading revenue during that period.
The company has $302.1 million in cash alongside $366.7 million in assets, which overall the crypto lender has nearly $2.7 billion in unadjusted assets. Nearly half of them are linked to FTX and Alameda, as the report shows.
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