Crypto lending firm BlockFi has announced that it has $355 million in crypto assets left on FTX.
The company filed for bankruptcy protection the other day and was among the companies that fell into crisis with the collapse of FTX on the world’s largest cryptocurrency exchanges.
FTX, which recently had a valuation of $32 billion, filed for bankruptcy protection earlier this month. The firm made a $275 million loan to BlockFi earlier this year. In the bankruptcy filing, it was recorded that BlockFi is the second largest creditor.
During the hearing in New Jersey, BlockFi’s lawyer said his company had a substantial amount of money left in FTX. According to attorney Joshua Sussberg, BlockFi has $355 million in digital assets frozen on FTX.
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