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© 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.
Breaking: BlockFi uncensored financials reportedly shows $1.2B FTX exposure
BlockFi to sell $160M in 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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