Bankrupt crypto lending firm BlockFi has reportedly uploaded uncensored financial data in error, revealing $1.2 billion in assets tied to bankrupt exchange FTX and Alameda Research.
According to a January 24 report from CNBC, unredacted submissions show that as of January 14, BlockFi had $415.9 million in assets tied to FTX and a whopping $831.3 million in loans to Alameda.
The previously redacted financial data was leaked as part of a presentation by M3 Partners, who is an adviser to the creditors' committee and has reportedly admitted that the presentation was uploaded in error.
On November 29, during the first day hearing of your bankruptcy proceedingBlockFi's lawyers said the figures were $355 million locked up in FTX and $680 in loans to Alameda, but the value of the funds has risen with the price of Bitcoin (BTC) since then.
Related: BlockFi to Sell $160 Million in Bitcoin Miner-Backed Loans: Report
The status of financial obligations between companies is complicated.
On July 1, FTX.US, the US arm of FTX, extended a $400 million credit line to BlockFi after the lender was caught up in contagion caused by the collapse of the Terra algorithmic stablecoin on May 10, 2022.
The deal also gave FTX.US the option to acquire BlockFi for "a variable price of up to $240 million based on performance triggers."
BlockFi filed for Chapter 11 bankruptcy on November 28, citing the collapse of FTX just weeks earlier when the cause of your financial problems.
Cointelegraph reached out to BlockFi and M3 Partners for comment but did not immediately receive a response.
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