Rumors have surfaced that FTX is close to acquiring cryptocurrency lender BlockFi for $25 million, according to CNBC.
followsource atclose to this BlockFi’s stock investors have left and are now closing their positions at a loss. Additionally, the FTX deal can take months to close. This opens the possibility that the price has changed during that time. By in June 2021 BlockFi is reported to be worth 5 billion.dollar
Earlier this year, BlockFi had more than 1 million customers, with more than $10 billion in assets and deposits. However, BlockFi’s fortunes have quickly deteriorated after it reportedly became the main creditor of hedge fund Three Arrow Capital, also known as 3AC. I’m facing a problem right now.
A FTX spokesman said the company “will not comment on the matter,” while a BlockFi spokesperson said the company “doesn’t comment on market rumours,” BlockFi CEO Zac Prince said was the 25 million figure. The dollar said it was “just a rumour.”
The post Rumor!! FTX Closes To $25 Million BlockFi Asset Acquisition, CEO Denies It Appears first on Bitcoin Addict.