FTX Plans to Purchase Stake in Crypto Lender BlockFi: Report

 FTX Plans to Purchase Stake in Crypto Lender BlockFi: Report


FTX, the cryptocurrency trade led by billionaire Sam Bankman-Fried, has entered negotiations to amass a stake within the beleaguered crypto lending agency BlockFi, in response to a report at this time within the Wall Avenue Journal, citing unnamed sources.

The acquisition talks come on the heels of BlockFi’s announcement earlier this week that it secured a $250 million line of credit score from FTX, which the crypto trade largely acknowledged as a “bailout.”

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