Y Combinator’s Garry Tan Goes to the MatRead more

Briefing
crypto

FTX US Loaned BlockFi $250 Million in FTT

By
Aidan Ryan
· · Source: The Information

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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