BlockFi blames FTX for bankruptcy but lets bitcoin mining debt slide
Alongside the $275 million from FTX, BlockFi is also owed $54 million from bitcoin miner Core Scientific — but it hasn’t called in that debt.
Bitcoin24h
$98,440.46+1.88%
Ethereum24h
$3,486.41+1.23%
XRP24h
$2.29-0.62%
BNB24h
$710.10+2.81%
Solana24h
$198.37+1.95%
Dogecoin24h
$0.3328+0.37%
Cardano24h
$0.9164-1.44%
TRON24h
$0.2570+0.56%
Avalanche24h
$40.77+1.31%
Chainlink24h
$24.66+0.49%
BlockFi faces heavy losses from its loan to Core Scientific
Core holds 24 bitcoin and $26.6M in cash but has more than $1B in outstanding liabilities, including an $80M loan from BlockFi.
-
Bitcoin supply may not be fixed at 21M, says BlackRock—by Protos Staff
-
Coinbase takes aim at Justin Sun in WBTC lawsuit response—by Protos Staff
-
MicroStrategy blackout period could freeze bitcoin buys in January—by Protos Staff
-
Haliey Welch’s HAWK token team breaks silence to shift the blame—by Protos Staff
-
Aave could leave Polygon over plan to use bridge funds for yield farming—by Protos Staff
-
Coinbase sued over WBTC delisting by Justin Sun-affiliated BiT Global—by Protos Staff
-
Tether-linked Cantor Fitzgerald pays $6.75 million SEC penalty—by Protos Staff
-
Bitcoin Lightning bug could jam and steal millions of dollars—by Protos Staff
-
Google’s quantum computer could break Bitcoin in two ways—by Protos Staff
