Voyager rejects Alameda buyout offer as it ‘harms customers’
The buyout proposal from Alameda and FTX seems to have upset Voyager’s lawyers, who do not see the offer as a serious one that would benefit its users. Go to Source Powered by WPeMatico
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FTX to Help Voyager Customers, CEO Says Firm Willing to Deploy ‘Hundreds of Millions’ to Help Crypto Industry
The founder and CEO of the leading exchange FTX, Sam Bankman-Fried has offered to give early liquidity to Voyager Digital’s customers, according to an announcement FTX published on July 22. Furthermore, Bankman-Fried discussed the crypto industry with CNBC in an exclusive interview, and noted that he was willing to deploy “hundreds of millions beyond what … Read more
FTX and FTX US seek even more funding following acquisitions: Report
Both the major crypto exchange and its U.S. arm closed on separate $400 million funding rounds in January. Go to Source Powered by WPeMatico
Solflare to let users manage Solana CeFi and DeFi accounts in one app with FTX integration
Transfer between custodied and non-custodied accounts can now take place within the Solflare wallet Go to Source Powered by WPeMatico
SBF denies FTX is eyeing distressed crypto mining companies
Sam Bankman-Fried said that crypto miners did not fit into the company’s core strategy and there is no synergy from an acquisition standpoint. Go to Source Powered by WPeMatico
Blockfi CEO Says FTX Has an ‘Option to Acquire’ Crypto Lender at a Price of up to $240M
According to Blockfi’s co-founder Zac Prince, the company has signed definitive agreements with the crypto firm FTX and the deal is currently up to shareholder approval. The deal represents a total of $680 million, but Prince also noted that $240 million of that total could be used to acquire Blockfi at a variable price up … Read more
TSX-Listed Voyager Digital ‘Temporarily’ Suspends Trading, Deposits, and Withdrawals
After the TSX-listed Voyager Digital revealed that it was owed $655 million from Three Arrows Capital (3AC), the company secured a $500 million credit line from Alameda Ventures in order to “safeguard customer assets.” Five days later on July 1, Voyager announced the crypto company was “temporarily suspending trading, deposits, withdrawals and loyalty rewards.” Another … Read more
BlockFi announces deal with FTX US, including ‘option to acquire’ for $240M
According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021. Go to Source Powered by WPeMatico
BnkToTheFuture unveils 3 proposals to rescue Celsius from oblivion
BnkToTheFuture’s three proposals include two different ways to restructure and relaunch the firm, or an option to co-invest in the firm with a bunch of Bitcoin whales. Go to Source Powered by WPeMatico
FTX on the verge of purchasing BlockFi in $25M in fire sale
The cryptocurrency derivatives exchange could potentially buy out the troubled lender for pennies on the dollar. Go to Source Powered by WPeMatico