BlockFi ‘Shocked’ by Fraud Allegations Against FTX, Lawyer Says
BlockFi Inc. was shocked by allegations of potential fraud at FTX, which provided the cryptocurrency lender with a financial lifeline that fell apart following FTX’s collapse, a lawyer representing BlockFi said Tuesday.
Jersey City, N.J.-based BlockFi was caught off guard by allegations of serious internal problems and potential fraud at FTX under the leadership of co-founder Sam Bankman-Fried that emerged in the weeks following the platform’s sudden collapse, Joshua Sussberg, a lawyer for BlockFi, said during its debut hearing in the U.S. Bankruptcy Court in Trenton, N.J.
BlockFi Inc. was shocked by allegations of potential fraud at FTX, which provided the cryptocurrency lender with a financial lifeline that fell apart following FTX’s collapse, a lawyer representing BlockFi said Tuesday.
Jersey City, N.J.-based BlockFi was caught off guard by allegations of serious internal problems and potential fraud at FTX under the leadership of co-founder Sam Bankman-Fried that emerged in the weeks following the platform’s sudden collapse, Joshua Sussberg, a lawyer for BlockFi, said during its debut hearing in the U.S. Bankruptcy Court in Trenton, N.J.
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