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Benzinga
Benzinga
Business
AJ Fabino

Crypto Exchange FTX In Talks To Acquire Stake In BlockFi After Extending $250M Credit Line: Report

FTX BlockFi Crypto Sam Bankman-Fried

The Terra (CRYPTO: LUNA) crash caused the crypto market to plummet more than 67% from its all-time high, brought about individual investors to lose billions of dollars and triggered liquidations of crypto enterprises that could not repay overcollateralized margin loans.

This is where FTX, the second-largest cryptocurrency exchange in the world led by millennial billionaire Sam Bankman-Fried comes into play.

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