Crypto financial institution BlockFi states it has substantial exposure to FTX #Crypto #lender #BlockFi #sizeable #exposure #FTX


Nov 14 (Reuters) – Cryptocurrency lender BlockFi explained on Monday it has considerable publicity to Sam Bankman-Fried’s crypto exchange FTX, and connected entities, that previous week submitted for bankruptcy.

“We do have considerable publicity to FTX and affiliated corporate entities that encompasses obligations owed to us by Alameda, property held at FTX.com, and undrawn amounts from our credit line with FTX.US,” the business mentioned.

Reporting by Manya Saini in Bengaluru Editing by Shailesh Kuber

Our Specifications: The Thomson Reuters Trust Rules.

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