FTX’s U.S. arm loaned FTT tokens to BlockFi that were worth $250 million worth as of Sep. 30, a bankruptcy filing revealed on Thursday. Those tokens are now worth only around $17 million based on the current value of FTT. The filing in FTX’s bankruptcy case comes days after BlockFi announced that it had paused customer withdrawals and hired financial advisors to “explore all options.” BlockFi...
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The Heir Who Wants to Be Mayor
Hi, welcome to your Weekend.To spend time with Daniel Lurie is to understand the true meaning of the word “mensch.” Everyone who knows the San Francisco philanthropist and Levi’s heir says pretty much the same things about him: Daniel is “a really good guy”—affable, smart, egoless and earnest in his desire to improve the lives of the neediest. So earlier this year, when I began hearing...
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