BlockFi CEO Ignored Threat From FTX And ​​Alameda Publicity, Contributed To Chapter: Court docket Filings


Zak Prince, CEO of bankrupt cryptocurrency lender BlockFi, allegedly ignored suggestions from its danger administration group relating to asset lending to Alameda Analysis.

In keeping with a July 14 submitting by the Board of Unsecured Collectors to the New Jersey Chapter Court docket, BlockFi’s danger administration group: report Concerning the “excessive danger” related to the asset lending to Alameda. Prince allegedly dismissed the group’s considerations about BlockFi lending Alameda $217 million by August 2021. The group recommended dangers might come up if the (FTT) used to safe the mortgage must be liquidated.

Learn extra on Cointelegraph

See also  Introducing Tokenized Securities for Regulatory Compliance


  1. Have you ever thought about adding a little bit more than just your articles?
    I mean, what you say is important and everything.
    Nevertheless just imagine if you added some great images or videos to
    give your posts more, “pop”! Your content is excellent but with images and video clips,
    this website could definitely be one of the greatest in its field.
    Excellent blog!


Please enter your comment!
Please enter your name here