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Last updated: June 17, 2025, 21:56  |  Written by: Laura Shin

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Ftx On Thursday Closed An

FTX acquires BlockFi for “pennies on the dollar”, states CNBC. The deal is expected to be finalized by the end of the week. After the news of Musk taking over Twitter

In a massive announcement, it was reported that FTX is closing a deal to buy BlockFi for a major discount below their previous estimated $5 billion valuation at peak.

FTX on Thursday closed an anticipated deal with BlockFi to acquire the troubled crypto lender for up to $240 million, depending on the startup’s performance triggers.

Sam Bankman

FTX reaches settlement with BlockFi, may pay up to

Sam Bankman-Fried's FTX is expected to finalize the BlockFi acquisition deal for $25 million this week.

FTX agrees deal with option to buy BlockFi for up to

FTX Reported to Close in on Buying BlockFi for $25 - CryptoPotato

FTX Is Likely to Finalize BlockFi Acquisition This Week for $25 Million

FTX Reaches Deal To Acquire BlockFi for up to $240M

FTX Buys BlockFi But Passes On Acquiring Celsius - Bitcoin Magazine

Reportedly, FTX will Acquire BlockFi for $25 Million in a Fire Sale

Crypto Giant FTX Close to Acquiring BlockFi for $25

Crypto Exchange Ftx Is Reportedly

Crypto exchange FTX is reportedly finalizing terms to buy out the embattled crypto lending platform, BlockFi. However, the exchange is offering just $25 million – a 99%

Laura Shin can be reached at [email protected].

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