FTX Agrees Deal With Option to Buy BlockFi for up to $240M

Techcrunch | Lucas Matney | Jul 1, 2022 Sam Bankman-Fried’s FTX is taking advantage of rampant instability in the crypto lending market to assert itself while propping up major institutions. The company’s U.S.-based arm has a deal in place with troubled crypto lender BlockFi that gives them the option to buy the startup, recently valued

The post FTX Agrees Deal With Option to Buy BlockFi for up to $240M first appeared on National Crowdfunding & Fintech Association of Canada.