BlockFi CEO refuted $25 million company sale to FTX
Zac Prince urged to verify the information and believe only the comments of the platform itself
01.07.2022 - 15:30
321
1 min
0
What’s new? The head of the BlockFi lending platform Zac Prince denied that his company was being bought by the cryptocurrency exchange FTX. On June 30, CNBC reported that BlockFi intended to make a $25 million deal with FTX. That's 99 percent below the platform's $4,8 billion valuation in its last funding round in 2021.
Lots of market rumors out there - I can 100% confirm that we aren’t being sold for $25M. I encourage everyone to trust only details that you hear directly from @BlockFi. We will share more w you as soon as we can.— Zac Prince (@BlockFiZac) June 30, 2022
What else did the head of BlockFi say? After the article was released, Prince denied all of the published information. On Twitter, he wrote:
“I can 100% confirm that we aren’t being sold for $25M. I encourage everyone to trust only details that you hear directly from BlockFi.”
Information about the talks between FTX and BlockFi surfaced last week, and the exchange also previously gave the platform a $250 million loan. BlockFi received another offer from crypto platform Ledn on July 1. Ledn intends to lead a funding round of up to $400 million, as well as a $50 million equity contribution to BlockFi.
Useful material?
Market
According to the founder of TRON, the leading US crypto exchange asked for several hundred million dollars for the listing of TRX
Nov 4, 2024
Incidents
The company conducted fictitious trading for six years to inflate the trading volume of tokens of several companies, receiving payment for these services
Nov 1, 2024
Market
1,5 million addresses have already left applications
Oct 31, 2024
Business
The company began investing in bitcoin in 2020, and since then, the value of its securities has risen by 1700%
Oct 30, 2024
Mining
The Deputy Energy Minister explained that in deficit regions, it is impossible to allocate large capacities for industry enterprises until 2030
Oct 30, 2024
Market
Customers will also be able to withdraw funds to bank accounts using cards
Oct 30, 2024