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FTX Closes In On Acquiring BlockFi For Mere $25 million


Weeks after FTX billionaire CEO gave out a $250 million credit facility to BlockFi, the crypto exchange is reportedly close to acquiring beleaguered BlockFi for a mere $25 million, 99% below BlockFi’s last private valuation as per CNBC.

BlockFi’s current equity investors will get wiped out

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