BlockFi: There is indeed significant risk exposure to FTX and related company entities

ChainCatcher news, BlockFi updated on its official platform on Monday, stating that it indeed has significant risk exposure to FTX and related entities, including debts owed to us by Alameda, assets held by FTX.com, and amounts not withdrawn from our credit line at FTX.US. While the team will continue to work on recovering all debts owed to BlockFi, the recovery of FTX's debts to us is expected to be delayed as FTX enters bankruptcy proceedings.

Currently, BlockFi withdrawals remain suspended, and customers should not submit any deposits to BlockFi wallets or interest accounts. Previous reports indicated that sources revealed the only condition for FTX to rescue BlockFi was to have BlockFi's funds custodied at FTX. (Source link)