BlockFi secures $250 million credit facility from FTX

Beleaguered crypto lender BlockFi announced it has secured a $250 million revolving credit facility from crypto exchange giant FTX. 

“Today BlockFi signed a term sheet with FTX to secure a $250m revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength,” CEO Zach Prince tweeted on Tuesday. 

This is a breaking story and will be updated. 

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