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Benzinga
Benzinga
Business
AJ Fabino

FTX Bails Out BlockFi, Has Option To Purchase For Up To $240 Million: What You Need To Know

After numerous days of conflicting reports leaving BlockFi investors and crypto watchers on edge, company CEO Zac Prince took to Twitter on Friday to announce that FTX signed a deal to bail out the embattled crypto firm.

The Numbers: BlockFi signed a definitive agreement with the Sam Bankman-Fried led crypto behemoth, FTX, that broadens the initial scope of the term sheet that was agreed to last week.

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