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Crypto lender BlockFi has $355 million in digital assets stuck on FTX, a lawyer said in bankruptcy court. In addition, BlockFi attorney Joshua Sussberg also shared Today’s Cryptocurrency Headline Kirkland & Ellis partner Joshua Sussberg said in New Jersey bankruptcy court on Tuesday that BlockFi currently has about $355 million According to information made public by attorney Joshua Sussberg, over $300 million worth of assets owned by BlockFi was locked on the FTX exchange. Will these funds Bankrupt crypto lender BlockFi has about $355 million worth of cryptocurrencies frozen on embattled crypto exchange FTX. The figures were revealed by A lawyer for BlockFi told the first-day hearing of its bankruptcy proceedings that the crypto lender has $355 million stuck on FTX and that the collapsed exchange’s sister BlockFi has over $355 million frozen on FTX As per the details given by attorney Joshua Sussberg, about $355 million worth of cryptocurrencies are stuck on Fried’s Crypto lender BlockFi has about $355 million in cryptocurrencies currently frozen on crypto exchange FTX, attorney Joshua Sussberg told a bankruptcy court in New

FTX Holds $355M in Crypto Owned by BlockFi, Attorney Reveals in Bankruptcy Court

The financial woes of FTX continue to ripple through the crypto industry, with the latest revelation highlighting significant exposure for crypto lender BlockFi. As per the details given by attorney Joshua Sussberg, about $355 million worth of cryptocurrencies are stuck on Fried’s [Sam Bankman-Fried's] exchange. A lawyer for BlockFi told the first-day hearing of its bankruptcy proceedings that the crypto lender has $355 million stuck on FTX and that the collapsed exchange’s sister [company] ...

BlockFi's $355 Million Crypto Holdings Frozen on FTX

Crypto lender BlockFi has about $355 million in cryptocurrencies currently frozen on crypto exchange FTX, attorney Joshua Sussberg told a bankruptcy court in New Jersey. This significant sum represents a substantial portion of BlockFi's assets, raising concerns about its financial stability and future operations.

Attorney Joshua Sussberg Reveals BlockFi's Exposure

According to information made public by attorney Joshua Sussberg, over $300 million worth of assets owned by BlockFi was locked on the FTX exchange. The exact amount, totaling $355 million, was confirmed during BlockFi's bankruptcy proceedings. Will these funds be recovered, or will BlockFi face even greater financial hardship?

Impact of FTX Collapse on BlockFi

The FTX collapse sent shockwaves through the crypto market, and BlockFi is among the most prominent entities impacted. Crypto lender BlockFi has $355 million in digital assets stuck on FTX, a lawyer said in bankruptcy court. This situation underscores the interconnectedness of the crypto ecosystem and the risks associated with centralized exchanges.

BlockFi's Bankruptcy and FTX's Role

Bankrupt crypto lender BlockFi has about $355 million worth of cryptocurrencies frozen on embattled crypto exchange FTX. The figures were revealed by... Kirkland & Ellis partner Joshua Sussberg said in New Jersey bankruptcy court on Tuesday that BlockFi currently has about $355 million locked on FTX. In addition, BlockFi attorney Joshua Sussberg also shared [information relating to the bankruptcy case]. BlockFi has over $355 million frozen on FTX. This development adds another layer of complexity to the already turbulent FTX bankruptcy proceedings, further complicating the path to asset recovery for affected parties. Today’s Cryptocurrency Headline - this situation clearly demonstrates the potential dangers of concentrated risk in the cryptocurrency space.

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