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BlockFi Approached With Ledn-Led Funding Offer Amid FTX Acquisition Talks: Report

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.BlockFi has been approached by a party that includes fellow crypto lender hodlwithLedn in addition to its buyout offer of $25 million from FTXOfficial. JamieCrawleyCD reports.

Where FTX's reported offer is for a full acquisition, Ledn's involves a fresh funding round, according to the report, which cited people with knowledge of the matter. This funding would supposedly be for up to $400 million, and include $50 million in equity, giving Ledn a sizable ownership stake in BlockFi.

Ledn's CEO Adam Reeds said in a statement to Bloomberg:"Ledn is currently evaluating a number of opportunities to broaden its leadership in digital asset lending and beyond ... At the moment, we cannot share any additional details."BlockFi CEO Zac Prince on Thursday afternoon took to Twitter to vehemently

 

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BlockFi hodlwithLedn ftxofficial JamieCrawleyCD This is far from the truth. Listen to the interview with Zac Prince. Get the facts from the CEO, not rumors.

BlockFi hodlwithLedn ftxofficial JamieCrawleyCD I've made over 500% profit with benncfx in the past couple of weeks despite the market situation.

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FTX CEO Sam Bankman-Fried Warns More Crypto Company Insolvencies Are Coming – Bitcoin NewsIn a recent interview, FTX CEO Sam Bankman-Fried warned that some crypto exchanges are 'secretly insolvent' and may soon fail. This whole industry has turned into a bunch of cannibals and assholes constantly talking hair and spreading FUD about each other. It’s sad and a big put off for people Is he talking about FTX? Coinbase
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