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FTX and Ledn Compete for Troubled BlockFi - Reports

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cryptonews.com

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.

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