Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Topic started by: Jaya60 on July 01, 2022, 01:59:00 AM
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If a deal goes through, it won't be the first time FTX started an acquisition with a line of credit.If a deal did come close to that, FTX would be paying pennies on the dollar for the embattled cryptocurrency lending company. BlockFi, which is based in New Jersey, had a valuation of $3 billion when it raised its $350 million Series D round last March.
Since then, the company has reached a $100 million settlement with state regulators and the U.S. Securities and Exchange Commission over its BlockFi Interest Accounts and is rumored to now be holding a large portion of toxic debt as part of the fallout from hedge fund Three Arrows Capital’s liquidation.more (https://decrypt.co/104200/blockfi-ceo-denies-ftx-cquire-crypto-lender-25m)