BlockFi has approximately $1.3 billion of debt to its top 50 creditors and holds approximately $250 million in cash

Nov 29,2022
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.
Cryptocurrency lending company BlockFi filed for bankruptcy protection and has fired most of its employees, according to a Nov. 28 news release. As previously reported, BlockFi was facing a liquidity crisis due to its large exposure to FTX.
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