BlockFi Announces It Has Secured $250M Credit Facility from FTX

Beleaguered crypto lender BlockFi announced it has secured a $250 million revolving credit facility from crypto exchange giant FTX.

“Today BlockFi signed a term sheet with FTX to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength,” CEO Zac Prince tweeted on Tuesday.

[Via]

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