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BlockFi Bankruptcy - A Crypto Crisis Explained BlockFi said the liquidity crisis was due to its exposure to FTX via loans to Alameda, a crypto trading firm affiliated with FTX, as well as cryptocurrencies held on FTX's platform that became trapped there. BlockFi listed its assets and liabilities as being between $1 billion and $10 billion. What happens to my crypto in BlockFi? According to court filings, BlockFi estimates that customers with interest-bearing Earn accounts will receive between 39.4% and 100% of the value in their accounts. This means that while some customers may receive their full funds back, others may not. What is wrong with BlockFi? BlockFi can no longer be used to buy, sell, or earn crypto as it declared bankruptcy and paused withdrawals in November 2022. According to its bankruptcy filing, it owes between $1 billion and $10 billion to over 100,000 creditors. Will I ever get my money back from BlockFi? BlockFi said customers with interest-bearing Earn accounts should receive between 39.4% and 100% of the value in their accounts, meaning that while some customers may receive their full funds back, others may not.