Cryptocurrency lender BlockFi filed for bankruptcy on Monday and, a few hours later, sued Sam Bankman-Fried’s (SBF) investment firm for withholding Robinhood stock it promised as collateral, Financial Times (FT) ריפּאָרץ.
BlockFi איז געווען ‘bailed out’ by SBF back in June, with $250 million promised. In October, it was reported that the crypto lender had exposure to $1.8 billion in loans.
Now, with SBF’s crypto exchange FTX bankrupt, BlockFi’s exposure to the firm could be ווי הויך ווי $4-5 billion. BlockFi said on Monday that SBF’s investment firm Alameda Research had defaulted on $680 million of collaterized loans אין די אָנהייב פון די חודש.
However, BlockFi’s קלאָג states that just a few days before FTX went bankrupt, on November 9, SBF’s investment firm Emergent Fidelity Technologies (EFT) guaranteed payment obligations of an ‘unnamed borrower’ by pledging ‘common stock’ as security. This unnamed borrower is Alameda, according to documents seen by FT.
Source: https://protos.com/blockfi-files-for-bankruptcy-and-sues-sam-bankman-fried-sbf-on-same-day/