News Explorer — BlockFi CEO Knew About Shaky FTX Balance Sheet Before Collapse, Creditors Allege

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BlockFi’s creditors claim that the company continued to keep client funds at FTX despite knowing about the exchange’s questionable balance sheet. BlockFi CEO Zac Prince dismissed concerns and granted billion-dollar loans collateralized by FTT. BlockFi’s bankruptcy was rooted in decisions preceding Alameda/FTX’s bankruptcy filing.

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BlockFi CEO Knew About Shaky FTX Balance Sheet Before Collapse, Creditors Allege

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