BlockFi releases a progress report amid FTX crisis

BlockFi released a statement yesterday late in the evening, giving a progress update amid the FTX saga through the statement. The firm is looking into more options on how to better the situation.

360 +

BlockFi has ‘significant exposure’ to FTX, denies talk of majority of assets being custodied at FTX

BlockFi has responded to the controversies surrounding FTX and its reported connection to the embattled cryptocurrency exchange in a recent statement to its users. The post BlockFi has ‘significant exposure’ to FTX, denies talk of majority of assets being custodied at FTX appeared first on CryptoSlate.

337 +

FTX Could Buy BlockFi for Only $15M – or a Lot More If Crypto Lender Hits Big Goals

FTX’s option to acquire BlockFi includes performance targets around a key SEC approval and more than doubling client assets that boost the purchase price to $240 million, people familiar with the matter told CoinDesk.

422 +

FTX token price outlook after BlockFi acquisition deal

FTT holds steady at a $24 support level. FTX exchange to acquire BlockFi for…

The post FTX token price outlook after BlockFi acquisition deal appeared first on CoinJournal.

305 +

BlockFi Will Be Acquired by FTX.US for Up to $240M

BlockFi will also receive a $400 million rolling credit facility from FTX.US. BlockFi Inks Deal With FTX.US BlockFi has agreed to an acquisition deal with FTX.US. (Long thread!) Excited to...

358 +

FTX Is Nearing A Deal To Acquire Troubled BlockFi As Sam Bankman-Fried Expands His Empire

FTX plans to buy a stake in BlockFi after previously extending an emergency line of credit.

431 +

Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows

FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.

374 +

FTX Could Soon Purchase Stake in BlockFi: Report

The popular crypto exchange FTX could soon purchase a stake in the lending firm BlockFi, according to the Wall Street Journal. FTX Is in Talks With BlockFi FTX and BlockFi...

374 +

BlockFi And Voyager Get Bailed Out By FTX

As contagion spreads, FTX loans out hundreds of millions to two of the largest yield-generating shops in the space. What does this mean for BlockFi and Voyager?

246 +

Глава BlockFi Зак Принс занял $250 млн у FTX

Генеральный директор криптовалютного кредитного сервиса BlockFi во вторник, 21 июня, сообщил в Твиттере о получении займа от криптовалютной биржи FTX.

316 +

FTX предоставит BlockFi возобновляемый кредит на $250 млн

BlockFi подписала с криптовалютной биржей FTX протокол о намерениях касательно получения возобновляемой кредитной линии на $250 млн. Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength.

450 +

BlockFi Secures $250M Revolving Loan From FTX

BlockFi CEO Zac Prince said the loan would bolster the firms balance sheet and platform strength. BlockFi Accepts Credit From FTX BlockFi has partnered with FTX for a new line...

403 +

BlockFi Receives $250M Credit Facility From FTX

The proceeds will be used to fulfil client balances across all accounts.

452 +

Cosmos-based DEX Osmosis raises $21M from a consortium of investors

Osmosis joins investment firm Paradigm’s other DeFi portfolio members such as Maker, Synthetic, Uniswap, Optimism, FTX, Coinbase and BlockFi.

473 +