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Founded in 2017, BlockFi offers various crypto financial services, including interest accounts, trading, wallet, crypto credit card, crypto loan and institutional services
With the $100 million SEC settlement, Celsius ripple effect, 20% headcount cut and 80% reduction in valuation ($5 billion to $1 billion), BlockFi is having a rough 2022
This June, BlockFi signed a term sheet with FTX to secure a $250 million revolving credit facility to bolster BlockFi’s balance sheet and platform strength
Footnotes
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