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Summary: Sam Bankman-Fried has stated that FTX has a few billion to support struggling crypto firms. He also believes that the worst of the liquidity crisis in crypto might have passed. FTX’s founder and CEO, Sam Bankman-Fried, has stated in an interview that the crypto exchange has a few billion set aside to
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Sam Bankman-Fried, the founder of crypto exchange FTX, has calmed speculation that the company is exploring acquisitions of distressed crypto mining companies, clarifying on Twitter on Saturday that they “aren’t really looking into the space.”“Really not sure why the meme about FTX and mining companies is spreading, the actual quote
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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 $680 million, but Prince also noted that $240 million of that total could be used to acquire Blockfi
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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 firm had signed agreements with FTX US for a $400-million revolving credit facility as well as
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The crypto lender said client funds will not be impacted. Original Source
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Where FTX's reported offer is for a full acquisition, Ledn's involves a fresh funding round, according to the report, which cited people with knowledge of the matter. This funding would supposedly be for up to $400 million, and include $50 million in equity, giving Ledn a sizable ownership stake in
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BlockFi, Celsius, Nexo, and more: tough times can lead to difficult measures, and this year’s bear market is showing no exception to some of these players. Look no further than the current state of affairs for centralized finance (CeFi) platforms, who have been facing substantial headwinds with no end in
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En respuesta a las publicaciones, el CEO de BlockFi Zac Prince publicó un tweet diciendo "puedo confirmar en un 100% que no se venderá por $25M". Y agregó: "Aliento a todos a confiar solamente los detalles que escuchen directamente de @BlockFi. Compartiremos más con ustedes en cuanto podamos". Source
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CryptoX was able to independently corroborate CNBC's report. Source
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