Crypto Lender Blockfi Secures $250 Million Line of Credit From FTX, CEO Says Capital Will Bolster Its Balance Sheet
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The crypto lender Blockfi detailed on Tuesday that the company secured a $250 million line of credit from FTX. Blockfi’s CEO Zac Prince announced on Twitter that the company will use the capital to…
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FTX had earlier floated a $250 million line of credit to BlockFi in a bid to stabilize its bleeding cash flows The crypto lender has been one of a number of recent operators caught off guard by slumping crypto markets Cryptocurrency exchange FTX has accelerated its shopping spree with a…
In February, the company was hit with one of the largest fines on record imposed on a crypto firm Crypto exchange FTX offered BlockFi a $250 million credit deal to ease its liquidity woes BlockFi has... [[ This is a content summary only. Visit my website for full links, other…