Investing
BlockFi CEO ignored risks from FTX and Alameda exposure, contributing to collapse: Court filing
Zac Prince, the CEO of bankrupt cryptocurrency lending firm BlockFi, allegedly disregarded recommendations from the company’s risk management team over lending assets to Alameda Research.
According to a July 14 filing with the United States Bankruptcy Court for the District of New Jersey by the unsecured creditors’ committee, BlockFi’s risk management team reported on the “high risks” associated with lending assets to Alameda. Prince allegedly dismissed concerns from the team on BlockFi lending Alameda $217 million by August 2021. The team suggested there could be risks if the (FTT) used to secure the loans needed to be liquidated.
Continue Reading on Coin Telegraph
Read the full article here
10 Ways to Make Money As a Graphic Designer
Trump’s 2025 Inaugural Committee Raises Record $170 Million
Want to Build a Digital Business? Here’s the Framework You Need to Succeed.
Could Easier Cancellations Build Customer Loyalty?
How to Build Resilience, Stay Ahead of the Curve and Drive Growth in 2025
Moldova breakaway region to face new power cuts on Saturday, officials say By Reuters
Reebok Co-Founder Backs Syntilay’s New AI, 3D-Printed Shoe
How to Survive High-Demand Seasons Without Losing Customers
5 Things That Could Significantly Impact Your Company in 2025
NFI Group surge after board reshaped with new appointments, chairperson By Investing.com
Debt ceiling debate and its effect on the U.S. dollar
Debt ceiling default: Still no deal between parties
Stovall: If the U.S. defaults on its debt, all S&P 500 sectors will likely fall
What China's weaker-than-expected economy could mean for U.S. markets
A ‘Big Short’ investor sees financial disaster brewing in housing markets — again
-
Investing7 days agoMoldova breakaway region to face new power cuts on Saturday, officials say By Reuters
-
Investing7 days agoReebok Co-Founder Backs Syntilay’s New AI, 3D-Printed Shoe
-
Side Hustles7 days agoHow to Survive High-Demand Seasons Without Losing Customers
-
Side Hustles5 days ago5 Things That Could Significantly Impact Your Company in 2025
-
Investing5 days agoNFI Group surge after board reshaped with new appointments, chairperson By Investing.com
-
Side Hustles7 days agoShake It Up — Dunkin’ Debuts Star-Backed Winter Menu
-
Side Hustles6 days agoHow Failing 22 Times Paved the Way to My Success
-
Make Money7 days ago9 Easy Steps to Begin Your Gold Investment Journey