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Sam Bankman-Fried's Trial: BlockFi's CEO Discloses Billion-Dollar Loss, Links with Alameda

Sam Bankman-Fried's Trial: BlockFi's CEO Discloses Billion-Dollar Loss, Links with Alameda
BlockFi's CEO Zac Prince testified today (Friday) in the ongoing case against Sam Bankman-Fried (SBF), highlighting a billion-dollar loss incurred by his crypto lending firm in connection with Alameda Research and FTX. According to a report by Coindesk, BlockFi's involvement with Alameda Research began between 2020 and 2021. Prince mentioned the existence of loan agreements between the two companies. Subsequently, BlockFi had extended up to USD $1 billion to Alameda as of May 2022.Alameda Repaid... Read More
Posted: Oct 13 2023, 20:45
Author Name: financemagnates
Views: 082541

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