BlockFi “failed to complete basic due diligence” on Bankman-Fried’s empire, offering “special treatment for FTT and Alameda… that cast risk management principles entirely to the wind,” added the report, based on a review of 30,000 internal documents, and interviews and depositions with key individuals including founder and chief executive Zac Prince.
Source: https://www.coindesk.com/policy/2023/07/17/blockfi-bet-big-on-ftx-and-alameda-even-after-seeing-infamous-balance-sheet-creditors-say/?utm_medium=referral&utm_source=rss&utm_campaign=headlines