BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried's crypto empire

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BlockFi secret financials show a $1.2 billion relationship with Sam Bankman-Fried's crypto empire
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Financial documents that were mistakenly uploaded from bankrupt crypto firm BlockFi show a $1.2 billion relationship with FTX and Alameda Research.

The presentation, assembled by M3 Partners, offers a previously unseen overview of BlockFi's balance sheet.

BlockFi logo displayed on a phone screen and representation of cryptocurrencies are seen in this illustration photo taken in Krakow, Poland on November 14, 2022.had over $1.2 billion in assets tied up with Sam Bankman-Fried's FTX and Alameda Research, according to financials that had previously been redacted but were mistakenly uploaded on Tuesday without the redactions.

The financial presentation was assembled by M3 Partners, an advisor to the creditor committee. The firm is represented by law firm Brown Rudnick and is entirely composed of BlockFi clients who are owed money by the bankrupt lender. Other information that's now available regarding BlockFi includes its customers numbers and high-level detail on the size of their accounts as well as trading volume.

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