BlockFi's undercollateralized lending practices continue

Hi everyone,

I came across something quite baffling about BlockFi, so I decided to ask you if I'm understanding it correctly. After they lost 80M by providing uncollateralized loans to 3AC, they seem to still be providing uncollateralized loans?

As per their Transparency report: "We require many, but not all, borrowers to post varying levels of collateral depending on the borrower’s credit profile and the size of the loan portfolio.". My spidey sense is telling me that "many, but not all" is just PR language for "given the correct circumstances, we might allow undercollateralized loans". Shouldn’t they be managing their risk with more caution after all that happened to them? It kind of feels like they wrote a disclosure to clean their hands up. By providing uncollateralized loans, it seems like they were only trying to raise their valuation. At this moment FTX can purchase them for only 15M, which are peanuts in the crypto world. Prior to all this, BlockFi got sued by SEC because they offered uncollateralized loans - https://twitter.com/Bitfinexed/status/1493285032773001219.