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Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M

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…

Continue ReadingBlockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M

TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals

After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order…

Continue ReadingTSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals

Contagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model

A leaked investor call from Morgan Creek Digital suggests BlockFi liquidated 3AC for $1 billion, while Celsius reportedly maintained a highly risky assets-to-equity ratio last year that may have caused…

Continue ReadingContagion: Genesis faces huge losses, BlockFi’s $1B loan, Celsius’s risky model