TL;DR Breakdown BlockFi is contesting claims from FTX and Three Arrows Capital, which are undergoing bankruptcy. BlockFi has positioned itself as a victim, asserting that FTX doesn’t have the right to recover over $5 billion. Due to the lawsuit against FTX, 3AC, and other crypto firms, there’s potential jeopardy to $1 billion in client refunds. Description BlockFi, the beleaguered cryptocurrency lender, is pushing back against FTX and Three Arrows Capital (3AC). FTX and 3AC, facing bankruptcy themselves, strive to recover vast sums to satisfy their creditors. However, BlockFi’s recent court declaration paints a different picture. On Monday, BlockFi asserted its stance as a victim of the FTX platform. They argue that … Read more BlockFi, the beleaguered cryptocurrency lender, is pushing back against FTX and Three Arrows Capital (3AC). FTX and 3AC, facing bankruptcy themselves, strive to recover vast sums to satisfy their creditors. However, BlockFi’s recent court declaration paints a different picture. On Monday, BlockFi asserted its stance as a victim of the FTX platform. They argue that FTX needs more authority to reclaim over $5 billion. Moreover, BlockFi…