FIRE SALE: FTX Nears Deal to Acquire BlockFI
Posted on 06/30/2022
UPDATE July 1, 2022: FTX has signed a deal giving it the option to buy crypto lending company BlockFi. The agreement gives FTX the ability to buy BlockFi at a maximum price of US$ 240 million based on certain performance targets. FTX increased a previous US$ 250 million revolving credit facility to a total US$…
