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TechFlow news, according to The Block, BlockFi CEO Zac Prince testified in the SBF trial, blaming FTX and Alameda Research for BlockFi's bankruptcy.
He said he would never have issued loans if he had known someone was using falsified balance sheets.
Prince told prosecutors that BlockFi held a total of $1.1 billion in assets on the FTX exchange. BlockFi recovered部分 of its loans but still has $650 million outstanding.
BlockFi CEO Zac Prince testified in the SBF trial, blaming FTX and Alameda Research for BlockFi's bankruptcy. He stated that he would never have issued loans had he known someone was using falsified balance sheets. Prince told prosecutors that BlockFi held $1.1 billion in assets on the FTX exchange. While BlockFi has recovered some loans, $650 million remains unpaid.
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