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


© Reuters.

Crypto lender BlockFi has had a highly tumultuous 12 months. After getting caught up in the 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.

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