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 Anonymous sources informed CNBC that the two companies, FTX The post FTX Closes In On Acquiring BlockFi For Mere $25 million appeared first on CoinGape.
