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Sam Bankman-Fried’s FTX rolls out $250m credit line to BlockFi
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BlockFi co-founder and chief executive Zac Prince said via Twitter on 21 June that the companies had signed a term sheet, "providing us with access to capital that further bolsters our balance sheet and platform strength."
He said the credit line is "intended to be contractually subordinate to all client balances across all account types."
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