blockfi gave a 680m loan as part of "Institutional and Retail Loans" to...guess who? oh yeah it was SBF/alameda
so 46% of customer deposits went out as loans and 1/3 of that went to SBF
gross incompetence all over. it's amazing looking back how crypto was supposed to be defi and letting people be in control of their own funds and turned into giving all your money to idiots who were then using it to trade on leverage instead of holding your money. now defi will never take off because you need extra regulation thanks to all these people
