Several top-tier crypto lending platforms have found themselves in a pickle lately. BlockFi is affected by the recent bankruptcy filing of Three Arrows Capital (3AC), creating issues for its users. No...
Tag: BlockFi
Crypto Exchange FTX US Rescues BlockFi With $640 Million Deal
FTX US, the United States division of Sam Bankman-Fried’s cryptocurrency derivatives exchange FTX has signed a “definitive agreement” worth $640 million with troubled crypto lender BlockFi. According...
FTX’s Sam Bankman-Fried Eyes Bailing Out Jittered Crypto Miners After Inking BlockFi Deal
Sam Bankman-Fried, the CEO and founder of crypto exchange FTX, revealed that he was looking at the option of making acquisitions in the limping crypto mining sector, according to a Bloomberg report. ...
Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M – Bitcoin News
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of...
Ledn to Save BlockFi, Creditors Call for Three Arrows Liquidation, El Salvador Buys 80 BTC – crypto.news
Earlier today, reports emerged that Ledn, a Canada-based lending network offered to help save BlockFi from its troubles. In other news, Deribit and Blockchain.com call for liquidation of 3 Arrows Capi...
Crypto Weekly Roundup: Grayscale Sues SEC, BIS Softens Stance, Lazarus Behind Horizon Hack, Roger Ver Named In CoinFLEX Issues, FTX Closing On BlockFi, And More
The Horizon Bridge hack continues to be one of the leading news in the market right now. Blockchain analytics firm Elliptic has named the infamous North Korean hacker group Lazarus as the mastermind b...
BlockFi strikes credit deal with FTX US, outlines acquisition path
BlockFi, the crypto lending firm, announced on Friday a deal with exchange operator FTX US that would provide the firm with a $400 million revolving credit line and outlines the path to an acquisition...
FTX US Signs Agreement with Crypto Lender BlockFi, But There’s a Catch
BlockFi and FTX US share common client protection goals and are delighted to work together. Crypto lending firm BlockFi has announced that it has reached an agreement with crypto derivatives exchange ...
FTX set to acquire BlockFi in a $680M deal
FTX has secured a deal with troubled crypto lending firm BlockFi. The deal will give this exchange the ability to acquire BlockFi. BlockFi has faced financial troubles recently following the ongoing m...
BlockFi Provides Details on Potential FTX Purchase
The two parties have updated the previous term sheet as FTX will raise its revolving credit facility to $400 million. Additionally, the crypto exchange has the option to acquire BlockFi in the future ...
FTX Agrees to Acquire BlockFi
Alex Dovbnya FTX has agreed to acquire BlockFi for up to $240 million Cryptocurrency giant FTX.US has agreed to acquire embattled lender BlockFi for up to $240 million, according to Axios. The deal al...
FTX Exchange and BlockFi Agree on Mutual Acquisition Terms
27 mins ago | 2 mins read Exchange News FTX US has inked a term sheet that allows for a takeover of the ailing crypto lender. BlockFi would take care of its customers before it had to make good on its...
Crypto Billionaire Sam Bankman-Fried Inks BlockFi Deal, Eyes Distressed Miners Next
(Bloomberg) — Sam Bankman-Fried, the co-founder of crypto exchange FTX US who just signed a deal with BlockFi Inc., said he’s open to exploring acquisitions in the battered crypto-mining industr...
BlockFi announces deal with FTX US, including ‘option to acquire’ for $240M
FTX US has inked a deal with BlockFi that will give the crypto derivatives exchange the option to purchase the lending firm. In a Friday Twitter thread, BlockFi CEO Zac Prince said the crypto lending ...
FTX Snubs Celsius and Closes BlockFi Deal, Fundraising Rounds with MoHash and Kyve – crypto.news
Recent reports indicate that FTX walked away from a deal to save Celsius after looking deeply into the state of the latter’s financial record. However, FTX is already finalizing a deal to buy BlockFi ...
FTX Closes In On Acquiring BlockFi For Mere $25 million
Weeks after FTX billionaire CEO gave out a $250 million credit facility to BlockFi, the crypto exchange is reportedly close to acquiring beleaguered BlockFi for a mere $25 million, 99% below BlockFi’s...
Bitcoin Closes June Below $20K, BlockFi Acquisition Rumors Spiral, MSTR Buys the Dip: This Week’s Crypto Recap
It’s been another seven days of declines and choppy price action for the cryptocurrency market, which ended up losing around $50 billion of its total capitalization. Bitcoin closed its worst quarter i...
FTX gives BlockFi $400M credit facility; has option to buy company for up to $240 million
BlockFi’s CEO Zac Prince on July 1 announced a $400 million credit facility from FTX and the option to purchase the company in its entirety for up to $240 million depending on performance. The stateme...
FTX Enters Agreement To Buy BlockFi
Topline Cryptocurrency exchange FTX and cryptocurrency lender BlockFi for FTX have entered an agreement that will give FTX an option to purchase BlockFi for what was described as a “variable price” th...
BlockFi CEO Dismisses Rumors Company Would Be Sold for $25M
BlockFi CEO Zac Prince has denied rumors that FTX would be acquiring the company for $25 million. Multiple publications said the acquisition deal would be closed by the end of the week. Prince tweeted...
BlockFi Clears Up Rumors, FTX Will Have $240M Buy Option
Crypto lending platform BlockFi addressed the rumors of a potential purchase from major crypto exchange platform FTX. Initially reported by U.S. news outlet CNBC, the company was allegedly being bough...
FTX US Closing In on $240,000,000 Deal To Buy Crypto Lending Platform BlockFi
FTX US is close to acquiring US-based lending platform BlockFi in a deal worth hundreds of millions of dollars. According to BlockFi CEO Zac Prince, pending shareholder approval, the lending platform ...
These Whales Scoop $850 mln Worth FTX Tokens Ahead Of BlockFi Deal
The biggest of the Ethereum (ETH) whale wallets have scooped more than $877 million worth of FTX token (FTT) in the last 24 hours. This huge accumulation has landed amid the ongoing speculation of FTX...
FTX signs a deal giving it the option to buy crypto lender BlockFi
Sam Bankman-Fried, CEO of cryptocurrency exchange FTX, at the Bitcoin 2021 conference in Miami, Florida, on June 5, 2021. Eva Marie Uzcategui | Bloomberg | Getty Images FTX has signed a deal giving it...
BlockFi Will Be Acquired by FTX.US for Up to $240M
Share this article 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!) ...
FTX on the verge of purchasing BlockFi in $25M fire sale: Report
Cryptocurrency exchange FTX is close to purchasing digital asset lender BlockFi’s remaining assets for $25 million, according to CNBC. According to sources close to the matter, BlockFi’s e...
Ledn moves for BlockFi following Bankman-Fried offer
The race to acquire distressed crypto lender BlockFi heats up, as Ledn, the crypto loans and savings platform offers to lead a funding round and provide equity in order to leverage a significant share...