BlockFi Denies Possession of "Secret Financial Data," Says It Has "Disclosed Accurate Information" to Bankruptcy Court

According to The Block, BlockFi has denied claims that it has “secret financial data.” The company said it "disclosed accurate information" to New Jersey bankruptcy court. A previous erroneously uploaded financial document showed the company had $1.2 billion in exposure to FTX, including $415.9 million worth of FTX assets and $831.3 million in Alameda loans. In a statement, BlockFi said it was inaccurate to say the numbers were “secret financial data.” Throughout the bankruptcy process, BlockFi has prioritized transparency. BlockFi filed for Chapter 11 in November, weeks after FTX and Alameda filed for bankruptcy. Court documents show that FTX, which sought to acquire BlockFi last June, is one of the lender’s largest creditors.

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