FTX and Alameda Behind BlockFi’s Bankruptcy, SBF Trial Continues

The trial of Sam Bankman-Fried continued with Zac Prince, former chief executive officer of defunct crypto lender BlockFi. BlockFi was one of Alameda Research’s lenders, and the bankruptcy of FTX and Alameda reportedly led to BlockFi losing $1 billion, which resulted in its own bankruptcy. Prince’s testimony highlighted the transparency of his lending business, how The post FTX and Alameda Behind BlockFi’s Bankruptcy, SBF Trial Continues appeared first on Coin Edition .