KingData News: Troubled crypto lender BlockFi has $355 million in digital assets frozen on FTX’s platform, the company said in court. BlockFi attorney Joshua Sussberg also shared new details about how closely intertwined BlockFi’s finances were with FTX and the company's sister trading firm, Alameda Research. “In addition to the loan arrangement, and the $275 million that was drawn, BlockFi acted as a lender to Alameda, which is an FTX trading subsidiary, and they also had crypto on the FTX platform,” Sussberg said in court. “Specifically, BlockFi had $671 million in outstanding loans that are defaulted to Alameda and $355 million in digital assets that, unfortunately, are now frozen on the FTX platform.”

KingData News: According to BlockFi's bankruptcy reorganization filing, it has over 100,000 creditors and approximately $1.3 billion in liabilities to its top 50 creditors, including approximately $730 million owed to its largest creditor, Ankura Trust, $275 million owed to its second largest creditor, FTX US, $48.56 million owed to its third largest creditor, and $30 million owed to its fourth largest creditor, the Securities and Exchange Commission (SEC). BlockFi currently holds only $256.9 million in cash, and platform services are still suspended.

KingData News: Cryptocurrency lender BlockFi has filed a lawsuit against SBF, the former CEO of FTX, seeking forfeiture of SBF's $575 million worth of stock in Robinhood. BlockFi's exposure to SBF ultimately led to its collapse, BlockFi said in court filings, after SBF pledged stock assets on Robinhood as collateral for an unnamed borrower in the name of its Emergent Fidelity Technologies company earlier this month. Legal documents show that the "unnamed borrower" is none other than Alameda Research, which owed BlockFi $680 million in early November.

KingData News: BlockFi Inc. sold about $239 million of its own cryptocurrency and warned almost 250 workers that they would lose their jobs in the run-up to its Chapter 11 bankruptcy filing, court papers show. BlockFi sold the holdings to cover expected bankruptcy expenses and isn’t planning on taking out a loan to help fund itself while under court protection, company adviser Mark Renzi said in a sworn statement filed in court Monday.