Crypto Has an Incest Problem

They all had dealings with the FTX empire too – even before Sam Bankman-Fried rode in to save the sector post-3AC. As of July 5, Voyager was owed $377 million by Alameda. Around the time it filed for bankruptcy in November, BlockFi, also the target of Bankman-Fried’s white-knight deals, said it had $355 million in crypto frozen on FTX, plus $671 million in loans to Alameda.

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