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BlockFi, a global crypto financial services company, signed a term sheet with FTX to secure a USD$250 million revolving line of credit providing BlockFi with access to further capital. The proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (such as BlockFi Interest Account*...
The CEO of BlockFi, Zac Prince, said that, “BlockFi and FTX inked a term sheet today to establish a $250 million revolving credit facility, giving us access to funds that will strengthen our balance sheet and platform.”
Two leading global crypto financial services companies BlockFi and FTX have today signed a term paper securing a $250 million revolving line of credit.
/PRNewswire/ -- BlockFi, a global crypto financial services company, today announced that the company signed a term sheet with FTX to secure a $250 million USD...
/PRNewswire/ -- BlockFi Lending, a subsidiary of BlockFi Inc., has entered into a resolution with both the U.S. Securities and Exchange Commission (SEC) and...