BlockFi Emerges From Bankruptcy, Begins Returning Funds To Customers
![image Alex](https://image.coinlive.com/24x24/cryptotwits-static/3a11cdc0811cb1966908be0d48c0f13d.png)
Kroll manages claims for these companies, though passwords were supposedly not stored by Kroll
CoinDesk is set to reduce its workforce significantly due to the finalization of a major business deal.
A new report finds that bankrupt crypto lender BlockFi had more financial interest in Sam Bankman-Fried’s FTX and Alameda Research than originally believed.
The report differs from the latest redacted version, but BlockFi claims it has always been transparent.
The legal tussle mirrors those already held for collapsed crypto lender Celsius and the FTX exchange.
A leaked investor call report from Morgan Creek Digital shows that BlockFi liquidated Three Arrows Capital for $1 billion. Celsius reportedly maintained a risky asset-to-equity ratio last year, which may have contributed to its recent liquidity woes.