FTX in talks to acquire BlockFi stake, Wall Street Journal reports
FTX is considering taking a stake in crypto lender BlockFi, according to a report by the Wall Street Journal on Friday.
Sam Bankman-Fried’s crypto exchange bailed out BlockFi earlier this week after the lending platform faced liquidity issues. At the time of the bailout, both BlockFi CEO Zac Prince and Bankman-Fried hinted at the possibility of further cooperation.
This is a breaking story and will be updated as it develops.
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Author: Adam Morgan McCarthy
