FTX, one of the world’s largest cryptocurrency exchanges, acquired the cryptocurrency lending and staking platform BlockFi for $ 240 million.
BlockFi CEO Zac Prince announced on his official Twitter account that BlockFi’s cryptocurrency exchange FTX A $680 million deal announced that he did.
According to the agreement, FTX, 400 million dollar loan will allocate. The agreement, which was also voted on by shareholders, gives FTX the option to purchase all of BlockFi for up to $240 million.
In the statement made 240 million acquisitions It was stated that the option may vary depending on the performance of BlockFi.
The allegations that FTX bought BlockFi, which had a valuation of about $ 5 billion last year, for $ 25 million, have been rumored for a few days. CNBC, 30 June By referring to three different sources close to the subject in his news dated FTXin the past weeks A $250 million revolving credit facility provided by BlockFi‘of close to an agreement to buy it all for $25 million had reported.