ICYMI: FTX seeks to acquire troubled crypto lender BlockFi: sources
A source with knowledge of the process told The Block that the credit deal gave FTX an option on 50% of BlockFi equity. The remainder would be purchased for $25 million. Another source also said the latter.Details from an investor call
It’s not immediately clear at this time whether the FTX deal will go through, given the possible existence of other offers. Any FTX deal will also be subject to approval by BlockFi shareholders.
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