Both major crypto exchange FTX and crypto lender Ledn have reportedly joined the race for a stake in the troubled crypto lender BlockFi.
Bloomberg and CNBC reported about the ongoing negotiations between BlockFi and FTX. According to CNBC’s undisclosed sources, FTX is close to finalizing a term sheet to buy BlockFi for USD 25m and a deal is expected to be signed by the end of this week. In March, the lender was valued at USD 3bn.
However, Zac Prince, CEO of BlockFi,
Lots of market rumors out there – I can 100% confirm that we aren’t being sold for $25M.
I encourage everyone to trust only details that you hear directly from @BlockFi.
We will share more w you as soon as we can.
— Zac Prince (@BlockFiZac) June 30, 2022
said that they “aren’t being sold for USD 25m.”
Meanwhile,
Source: Cryptonews
