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...
Tag: FTX
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...
SBF says FTX could acquire distressed BTC mining companies to prevent contagion fears
FTX CEO Sam Bankman-Fried is reportedly turning his attention to the crypto-mining industries with the possibility of acquiring distressed mining firms, Bloomberg News reported. This is coming after F...
FTX CEO Sets His Sights on Acquiring Distressed Mining Companies Next
FTX billionaire Sam Bankman-Fried is eyeing distressed mining companies as potential acquisitions next after extending a credit line to BlockFi. The CEO of the exchange wants to stem the contagion aff...
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...
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 CEO SBF Acquiring Crypto Miners Next? Here’s The Truth
FTX’s CEO Sam Bankman-Fried is on an acquisition spree. After rescuing many crypto firms from insolvency risks, FTX’s U.S. subsidiary has finally entered a deal to acquire BlockFi for around $240 mill...
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...
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 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...
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...
FTX Reportedly Set To Buy Embattled BlockFi At 99% Below Company Valuation ⋆ ZyCrypto
Advertisement     FTX, a Bahamian cryptocurrency derivatives exchange, is reportedly close to finalizing a deal that will enable it to acquire embattled crypto lender ...
FTX Exchange Walked Out on Celsius’s Bailout Amidst Bad Finances
FTX Derivatives Exchange was reportedly amongst the deep-pocket investors that showed interest in coming to the aid of embattled crypto lender Celsius Network but walked away after getting the full de...
Mercedes Partners with Digital Artist MBSJQ to Launch NFT Collection on FTX
German luxury and commercial vehicle automotive brand Mercedes is planning to launch its non-fungible token (NFT) collection on FTX. This is not the first time Mercedes will be exploring the NFT indus...
More Crypto firms to fail in upcoming time says FTX CEO Sam Bankman Fried
Looking at the ongoing crypto market downturn and heavy liquidation problems, there are chances FTX CEO’s hunch comes out to be true. Amidst the ongoing market crash, where many crypto exc...
FTX walked away from a deal with Celsius after seeing state of its finances
Crypto exchange operator FTX looked at making a deal with troubled crypto lender Celsius but ultimately walked away, two people with knowledge of the matter told The Block. FTX began talks with Celsiu...
Pennies On The Dollar: FTX Closes In On Deal To Purchase BlockFi For Just $25M
Sam Bankman-Fried led FTX is reportedly closing in on a deal to purchase BlockFi in a deal being valued at around $25 million. The deal comes after FTX reportedly gave BlockFi an emergency $250 millio...
FTX wants Robinhood and BlockFi, is it all fake news?
A few days ago rumors began circulating that crypto exchange FTX wanted to buy Robinhood and now BlockFi, but all of them seem to be fake news. News is now circulating that FTX has made an offer to ac...
BlockFi Was Being Sold to FTX But CEO Zac Prince Refused
19 mins ago | 2 mins read Editors News BlockFi CEO Zac Prince, 100% confirms that the firm is being sold to FTX. This year, Bankman-Fried paid $648.3 million for a 7.6% stake in Robinhood. BlockFi, a ...
FTX or Canada-based Ledn Which Firm Will Acquire Struggling Crypto Lender BlockFi?
As per Bloomberg reports, the struggling cryptocurrency lender BlockFi Inc., which is currently in negotiations with industry powerhouse FTX, has been approached about a merger with a different party ...