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bitcoin   BTC   $94,147.25   (-1.26%) bitcoin ethereum   ETH   $1,786.40   (-1.74%) ethereum alpaca-finance   ALPACA   $0.5071   (+175.83%) alpaca-finance okzoo   AIOT   $0.2662   (+141.72%) okzoo biswap   BSW   $0.05388   (+75.56%) biswap flamingo   FLM   $0.04989   (+53.47%) flamingo voxies   VOXEL   $0.1189   (+46.79%) voxies
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Blogchain arrow-bc Trending News arrow-bc Creditors Allege that BlockFi Utilized Client Funds to Purchase $30 Million Insurance
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Creditors Allege that BlockFi Utilized Client Funds to Purchase $30 Million Insurance

1 years ago Dot Mason Thompson

BlockFi-use-client-funds-for-insurance.png
Concerning the fallout from the collapse of BlockFi, the world's leading cryptocurrency lending platform, its creditors have pointed out that the platform engaged in opaque transactions, notably using $22.5 million of client funds to purchase a $30 million insurance policy.
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