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FTX Token

FTX Bails Out BlockFi; Voyager Announces $661M Exposure

1.1k Views23 Jun 2022 09:19
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SUMMARY
  • BlockFi Secures $250 Million Bailout From FTX - BlockFi secures $250 million revolving credit facility from crypto exchange FTX, a week after competitor Celsius pauses withdrawals.

  • BlockFi says the deal ‘bolsters our balance sheet and platform strength.’

  • Voyager Discloses $661M Exposure to Three Arrows Capital - Voyager, a major crypto savings app has announced it has $661M in exposure to potentially insolvent hedge fund Three Arrows Capital, which is in a work out plan with its investors and lenders.

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