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BlockFi Secures $250 Million Credit Facility From FTX
BlockFi secures $250 million revolving credit facility from crypto exchange FTX. The crypto lender says the deal ‘bolsters our balance sheet and platform strength.’
Ankita K.
12:27 21st Jun, 2022
Markets

Beleaguered crypto lender BlockFi announced it has secured a $250 million revolving credit facility from crypto exchange giant FTX.

"Today BlockFi signed a term sheet with FTX to secure a $250m revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength," CEO Zach Prince tweeted on Tuesday.

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