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Haha, Max Keiser's response:
[Was $25M] Too high?
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SBF is picking up the pieces and building a shitcoin empire, I saw he walked away from Celsius, I wonder if Voyager and the other CEFI lenders could be next
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Wasn't FTX in talks with buying Robinhood? What's going on with this company, I thought they were a small player?
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this SBF fella used insider info earlier right?
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** no taxpayer money got hurt in the process **
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FTX will pay roughly $25 million — 99% below BlockFi’s last private valuation. Jersey City, New Jersey-based BlockFi was last valued at $4.8 billion, according to PitchBook.
The fire sale comes a week after FTX provided a $250 million emergency line of credit to BlockFi. FTX CEO Sam Bankman-Fried said at the time that the financing would help BlockFi “navigate the market from a position of strength.”
Billionaire Bankman-Fried has been seen as a lender of last resort in the space. In addition to BlockFi, Bankman-Fried’s company Alameda Research provided a $500 million loan to Voyager.
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