FTX’s CEO Sam Bankman-Fried is in talks to acquire a stake in crypto lending firm BlockFi. CryptoSlate recently reported the possibility of a deal following a $250 million line of credit issued to BlockFi from FTX. On June 23, CryptSlate reported that,
“BlockFi is currently a privately held company and thus only has to report shareholders above 10% in SEC documents. Hence, it is unknown if SBF was given equity in return for this arrangement”
SBF took additional shares in Voyager following a $200 million and 15K Bitcoin loan to the company leaving him with an 11% stake in the company.
The Wall Street Journal has now confirmed that FTX is currently negotiating with BlockFi and the two parties have yet to reach an equity agreement.
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