Crypto Lender BlockFi Believed Alameda Was Solvent, CEO Zac Prince Testifies

by bwcvd

Before collapsing in November 2022, Alameda had about $800 million to $850 million of outstanding loans from BlockFi, Prince said, and $650 million remained after Alameda’s demise. Alameda even posted additional collateral in the form of FTT as well as Robinhood and shares of a Grayscale trust, Prince recalled.

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