FTX, Alameda Owe BlockFi More Than $1 Billion: Court Hearing

FTX, Alameda Owe BlockFi More Than $1 Billion: Court Hearing

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During the first day hearing for BlockFi’s bankruptcy proceedings, the company revealed that FTX and Alameda Research owe it more than $1 billion—$671 million on a now-defaulted loan to Alameda and $355 million in funds frozen on the company’s crypto exchange. BlockFi, a New Jersey-based crypto…

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