Crypto Lending Platform BlockFi Gets $250 Million Bailout Fund from FTX

BlockFi, an embattled crypto lending platform that recently announced a 20% cut of its workforce, has received a $250 million revolving credit facility from FTX.

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BlockFi's Collapse Tied to Ignored Risks with FTX and Alameda Research

BlockFi's collapse tied to ignored risk warnings and flawed business practices, reveals a court filing. CEO Zac Prince allegedly dismissed concerns over high-risk loans to Alameda Research. (Read More)

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Circle and BlockFi questioned on banking with SVB by Warren and AOC

Executives at the stablecoin issuer Circle and the bankrupt cryptocurrency lender BlockFi have been questioned by two members of Congress investigating the so-called “mutual backscratching arrangements” alleged to have taken place with the now-failed Silicon Valley Bank (SVB). On April 9, letters from Senator Elizabeth Warren and Representative Alexandria Ocasio-Cortez (AOC) were sent to Circle, [...]

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