BlockFI Storytelling Event Yesterday's overwhelming pumpfun news made me overlook another report. BlockFI's 35M money was almost transferred to the Department of Justice, but it was rejected, which triggered my memories of BLockFI in ancient times At that time, CZ and SBF had a high argument, which led to CZ selling FTT directly and triggering the collapse of FTX, indirectly causing BlockFi to go bankrupt. Later, due to the 3AC incident, BlockFi lost 80M, and SBF provided $200 million to become the second largest creditor BlockFI is alameda's biggest relationship account and also the most direct liquidity for that round of Solana Summer - where does the money come from? It must have come from CEX's capital accumulation. Simply put, sbf misappropriated user funds and then took ftt Go borrow money and then buy small plates on Sol and various Solanas It was only during that wave that memes like bonk appeared, which were just artificial liquidity operations In addition to BlockFI providing CeFI, there was also a Voyager Digital back then, which is another story that was very fun Back then, due to the 3AC incident, Voyager Digital went bankrupt, and SBF provided $500 million in credit to prepare for low ball acquisition of high-quality assets. CZ criticized this behavior, and later the two broke up Then, the FTX explosion triggered a complete collapse of Voyager, as Alameda was exposed to have 88% of its assets in FTT. The previous 500 million credit was actually composed of FTT as the core asset. Finally, in the bankruptcy asset auction of Voyager http://Binance.US Winning the bid with 1.3 billion US dollars This round was won by CZ, low ball is not wrong. Leveraged funds on SBF have been shifting around, but he did it too roughly. However, upon reflection, which exchange has not engaged in asset misappropriation?