Bankrupt lender BlockFi was revealed to have more than $1 billion in assets linked to FTX and Alameda Research when a creditor committee accidentally published unredacted financial records.
As rapor by CNBC, the hastily-unpublished documents showed that the company, which filed for Chapter 11 bankruptcy protection in November, has just under $416 million worth of assets tied to FTX and a little over $831 million in loans to Alameda. This is considerably more than the $1.02 billion claimed in previous financial disclosures.
The documents were published in error by the credit committee’s advisor, M3 Partners. The firm is composed entirely of BlockFi clients owed money by the company.