Crypto lender BlockFi is blaming its recent bankruptcy on now-infamous Bahama’s-based exchange FTX, citing an unpaid and uncollateralized debt of $275 million.

However, despite the money owed from Sam Bankman-Fried’s imploding empire, BlockFi also lists more than $1 billion in additional uncollateralized debt to other borrowers and massive amounts of supposedly collateralized debt.

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