Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength.
— Zac Prince (@BlockFiZac) June 21, 2022
VCs: “we’d love to help you backstop crypto firms and provide liquidity because we care deeply about preventing market contagion”
also VCs: “can we please do it for the one great company (after you fix it) and make a lot of money doing it, you can take the others k thx bye”
— SBF (@SBF_FTX) June 23, 2022
Want to be a crypto expert? Get the best of Decrypt straight to your inbox.
Get the biggest crypto news stories + weekly roundups and more!
The Bitcoin price rebounded off the low of its current range and retraced its weekend loss…