Blockfi

Assets In Interest-Bearing Accounts Deemed Property Of Estate

Crypto Lender Paused Withdrawals On Nov. 10 Citing FTX Exposure

Platform Cites Exposure to FTX

You’ll no doubt be hearing the word contagion from all corners but didn’t we just escape the clutches of the pandemic. Well yes. But crypto is really like a house of mirrors where nothing is ever what it seems. But it’s also a house of cards, built on a complex system of levered dependencies. And…

Is it over? Is this the future? Sadly, the answer, is no. The catastrophic fallout of the UST collapse continues as Voyager, Celsius, BlockFi, 3AC and SBF dominated headlines once again last week. All the latest from this opera of rektitude.

FTX, the second-biggest cryptocurrency exchange by trading volume, has signed an option to purchase crypto lender BlockFi for as much as $240M, BlockFi CEO Zac Prince said Friday. 

Yes, we’re back from New York City and back into the grind of a market that has recovered a smidge of its dignity, total cryptocurrency market cap poking its head back above a trillion once again. For how long, well we’ll have to see. And with no prospect of the Fed easing off on rate…

BlockFi, a crypto lending platform, has secured a revolving line of credit of $250M with FTX, the second-largest crypto exchange by trading volume, leaders of both companies said Tuesday. 

Crypto lender BlockFi has agreed to pay $100M to settle charges that it misrepresented risks to depositors.