Crypto exchange ftx bails out lending platform blockfi

crypto exchange ftx bails out lending platform blockfi

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FTX bails out BlockFi
FTX is extending a $ million lifeline to crypto lending platform BlockFi, only a week after its CEO Zac Prince was forced to deny rumors. Executives from bankrupt crypto lender BlockFi granted themselves pay rises of as much as $, each, after they saw $ million in their. Crypto exchange FTX bails out lending platform BlockFi � Rescue prompts Crypto platform BlockFi to pay $mn penalty over interest accounts � Settlement.
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Complaint against FTX founder comes as crypto company becomes latest to seek bankruptcy protection. Lex Cryptocurrencies. The fallout will reverberate for years to come as investors, courts, and regulators try to claw back funds lost at these companies and prevent a catastrophe from happening again.