Morgan Creek Digital is Reportedly Planning to Raise $250M to Counter FTX’s BlockFi Bailout Offer

Morgan Creek Digital is Reportedly Planning to Raise $250M to Counter FTX’s BlockFi Bailout Offer


Ethereum World News
2022-06-26 10:47:00

Summary: Morgan Creek Digital is reportedly looking to raise $250 million to counter FTX’s line of credit to BlockFi. The move resulted from one of FTX’s terms for the credit line to BlockFi, to wipe out shareholders, including Morgan Creek Digital. Morgan Creek Digital, the hedge fund founded by Mark Yusko, Jason Williams, and Anthony Pompliano, is reportedly looking to raise $250 million to counter FTX’s line of credit to BlockFi. FTX’s Offer to Lend $250 Million to BlockFi Came […]