FTX Signs Deal That Could Buy BlockFi For Up To $240 Million

Troubled crypto lender BlockFi said Friday that it agreed to an option to be acquired by FTX for up to $240 million. From a report: The acquisition figure would include performance incentives, and BlockFi didn't specify how much would be an upfront payment. The deal with FTX also includes a $400 million revolving credit facility from the crypto exchange operator from FTX.

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