Bankrupt crypto lender BlockFi has more than $1.2 billion in assets tied to Sam Bankman Fried’s FTX and Alameda Research, according to a mistakenly uploaded BlockFi document assembled by M3 Partners.
The balances shown in the unapproved BlockFi filing include $415.9 million worth of FTX assets and $831.3 million in Alameda loans. Lawyers for BlockFi said earlier that the loan to Alameda was worth $671 million, while another $355 million in digital assets was frozen on the FTX platform.
BlockFi’s exposure to FTX is greater than previously disclosed. Following FTX’s bankruptcy, the company filed for Chapter 11 bankruptcy protection in late November. FTX had agreed to rescue BlockFi before bankruptcy.
A lawyer for the creditors’ committee confirmed that the unredacted document had been uploaded by mistake, but declined to comment further. Lawyers for BlockFi did not respond to a request for comment.