Coinspeaker
BlockFi Claims That Majority of Its Assets Didn’t Go Down with FTX
Crypto lender BlockFi was recently named as one of many firms that may be directly hit by the collapse of giant exchange FTX. The rumours have it that a large percentage of its assets were on FTX before the collapse. However, BlockFi has now attempted to put the rumours to bed by issuing an official statement to its clients.
BlockFi Debunks Rumors, Shares Recovery Plan
According to the statement, BlockFi truly has a reasonable amount of exposure to FTX and some of its affiliates, but not the “majority” as the rumors being spread suggest. Furthermore, the lender also assures clients that it is nowhere near exploring all possible options and that talks are ongoing with experts in that regard.
Meanwhile, despite the assurances from the crypto lender about “recovering all obligations owed to BlockFi”, it is not oblivious to the fact that the process will not happen in an instant. Especially considering
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