FTX US Closing In on $240,000,000 Deal To Buy Crypto Lending Platform BlockFi

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FTX US is close to acquiring US-based lending platform BlockFi in a deal worth hundreds of millions of dollars.

According to BlockFi CEO Zac Prince, pending shareholder approval, the lending platform has reached an agreement with FTX US for a $400 million revolving credit facility plus an option to acquire BlockFi at a variable price of up to $240 million.

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