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Crypto exchange FTX in talks to acquire stake in BlockFi

Summary by Ground News
The Wall Street Journal reports discussions between the firms are ongoing and that no equity agreement has been reached yet. FTX agreed to provide BlockFi with a $250 million line of credit earlier this week. The Bahamas-based digital asset exchange FTX is reportedly interested in acquiring a stake in crypto lender BlockFi.

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DellyRanks broke the news in on Friday, June 24, 2022.
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