FTX agrees deal with option to buy BlockFi for up to $240mn

Financial Times LogoFinancial Times1 mo ago

FTX agrees deal with option to buy BlockFi for up to $240mn

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Through his companies, the 30-year-old billionaire has also extended loans to crypto broker Voyager Digital, totalling $485mn in cash and bitcoin.

On Friday Voyager announced that it was “temporarily suspending trading, deposits, withdrawals and loyalty rewards” from 2pm Eastern Time in the US.

BlockFi earlier this month announced plans to shed a fifth of its staff, as many crypto firms cut jobs to weather the downturn in crypto markets.

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Article Details

Author / Journalist: Hannah Murphy

Category: MarketsFinanceInvesting

Topics: Asset Platform Voyager Crypto Last Digital Blockfi Deal Financial Prince

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 19:38:58

News Timezone: GMT -5:00

News Source URL:

Language: English

Reading Time: 4 minutes read

Article Length: 551 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 25918

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