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Crypto Exchange FTX To Acquire Beleaguered Lender BlockFi

Crypto Exchange FTX To Acquire Beleaguered Lender BlockFi

By Michael Bodley / June 30, 2022, 2:13 pm EDT 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 soon-to-be finalized purchase of beleaguered digital assets lender BlockFi, according to three sources familiar with the matter.








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