city Parafi lending M&A FTX BlockFi city Parafi

FTX and Ledn Compete for Troubled BlockFi - Reports

Reading now: 437

Both major crypto exchange FTX and crypto lender Ledn have reportedly joined the race for a stake in the troubled crypto lender BlockFi.Bloomberg and CNBC reported about the ongoing negotiations between BlockFi and FTX.

According to CNBC's undisclosed sources, FTX is close to finalizing a term sheet to buy BlockFi for USD 25m and a deal is expected to be signed by the end of this week.

The website is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News