TechFlow News, November 28 — According to BlockFi's bankruptcy filing, Ankura Trust Company, LLC is its largest unsecured creditor, holding approximately $729 million in unsecured claims, followed by FTX US and the U.S. Securities and Exchange Commission (SEC) with $275 million and $30 million in unsecured claims, respectively. The claim from FTX US appears to stem from a credit facility provided to BlockFi earlier this year, while the SEC's claim relates to a settlement amount tied to a multi-agency investigation involving BlockFi.
Previously reported, cryptocurrency lending firm BlockFi and eight of its subsidiaries have officially filed for bankruptcy reorganization in a New Jersey federal bankruptcy court. BlockFi will focus on recovering all debts owed to it by counterparties, including FTX and related corporate entities.
