blockfi receives helping hand from ftx amid market volatility
Last updated: June 8, 2025, 17:09
BlockFi has signed a term sheet with FTX crypto exchange to secure a $250 million revolving credit facility. A revolving credit facility is a type of credit that enables you to
Crypto lender BlockFi Inc. is preparing for possible bankruptcy filings after halting customer withdrawals as it acknowledged “significant exposure” to bankrupt
The $250 million credit for BlockFi comes at a time when the latest market crash has forced many crypto companies to reduce their workforces and transform business models to adapt to the recent
BlockFi Inks $250M Credit Deal With FTX To Ease Liquidity Fears
Crypto lender BlockFi faces possible failure amid FTX collapse, WSJ
Crypto exchange FTX continues to stay busy amid the crypto market downturn, revealing on Tuesday that it has agreed to support BlockFi with a $250 million revolving line of
FTX has signed a deal with BlockFi that includes an option for the cryptocurrency exchange to buy the lending platform for up to $240mn, as digital asset firms grapple with the
FTX agrees deal with option to buy BlockFi for up to $240mn
BlockFi secures $250 million bailout from FTX
BlockFi Receives Helping Hand From FTX Amid Market Volatility
FTX reaches settlement with BlockFi, may pay up to $874 million
Crypto exchange BlockFi secures $250M credit from FTX amid bear
Bankrupt crypto companies FTX and BlockFi have resolved their disputes stemming from the companies' collapses in 2025, with FTX agreeing to pay BlockFi up to $874
The FTX CEO asserts that the Federal Reserve is responsible for the shocking decline in cryptocurrency prices as the sector experiences one of its most dramatic collapses.
The $250 million in revolving credit from FTX is expected to keep the lender afloat as it works to improve its solvency issues. FTX CEO Sam Bankman-Fried later tweeted that
BlockFi secures $250 mln credit from FTX amid bear market blues