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Ethereum World News
2022-06-24 16:58:14

Sam Bankman-Fried’s FTX is Reportedly Planning to Acquire a Stake in BlockFi

Sam Bankman-Fried’s FTX is Reportedly Planning to Acquire a Stake in BlockFi

Summary: The FTX crypto exchange is reportedly in talks to acquire a stake in the crypto-lending platform of BlockFi. Earlier this week, FTX gave BlockFi a $250 million line of credit to bolster its balance sheet and platform strength. FTX’s founder and CEO, Sam Bankman-Fried, is now being compared to JP Morgan, who bailed out US banks in 1907. The Sam Bankman-Fried-led crypto exchange of FTX is reportedly in talks to acquire a stake in the crypto lending platform of […]

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