This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties.  Members and Law enforcement use only. Contact us for any permissions.  To do otherwise will result in the loss of membership.

Complete Story


BlockFi Looks to Recoup $680M Lost in FTX Collapse

BlockFi reportedly will try to collect $680 million from Alameda Research. 

The bankrupt cryptocurrency lender told a federal judge that Alameda, the bankrupt trading operation that is a sister company of FTX, defaulted on collateralized loans, Bloomberg reported Tuesday (Nov. 29). 

During its first appearance in bankruptcy court, BlockFi said it will collect money it is owed by other crypto firms while it tries to reorganize or find a buyer to repay the more than $1 billion that it owes creditors. Alameda is one of those firms, according to the report. 

At the same time, BlockFi owes FTX $275 million that was included in a lending package meant to help BlockFi weather a drop in crypto prices, the report said. 


Printer-Friendly Version



The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.

more information


Your electronic library to help in fighting financial fraud for all of our partners.

more information