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um whereamp;#39;s the contagion from FX to block five and this was not entirely unexpected not entirely unexpected weamp;#39;ve been expecting a bankruptcy filing and now we have that in New Jersey and a concurrent uh process going on in Bermuda as well we have a number of entities here but whatamp;#39;s important is the details of how big blockfi is as well and how far the tentacles go with block fi you have a company with assets between 1 and 10 billion dollars ing to the most recent filing and of the creditors there are more than a hundred thousand ing to this filing now these details are a subject to change the top 50 creditors are owed more than one billion dollars that is more than 700 million that is really allocated here to the trustee for a number of depositors as well as hundreds of millions tied to FTX as well now remember FTX and blockfi initially had a deal in which FTX was going to throw a Lifeline over to block Phi but of course that deal has not materialized as initi
