During the trial between BlockFi and SBF, the CEO of BlockFi, Zac Prince, placed the blame for their downfall on FTX and Alameda Research. Prince alleged that both organizations were responsible for the lender's troubles and financial losses. According to Prince, FTX had engaged in unethical practices, causing the collapse of BlockFi. The CEO claimed that FTX had leaked sensitive financial information belonging to Alameda Research, which ultimately led to FTX's own downfall. These allegations shed light on the complex web of events that contributed to BlockFi's challenging situation.
Sam Bankman-Fried, the founder of FTX and Alameda Research, provided a different perspective on the matter in court documents. Bankman-Fried alleged that he believed Binance, another major cryptocurrency exchange, was responsible for leaking Alameda Research's financial information. He claimed that this leak caused the collapse of FTX, which in turn affected BlockFi negatively. Bankman-Fried's allegations suggest that there may have been deliberate actions behind the downfall of FTX, leading to the ripple effect on other players in the cryptocurrency industry.
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