BlockFi Receives $250M Credit Facility From FTX

While it is now in a position to avoid a broader market crash, FTX is reportedly one of the companies that liquidated Celsius – the troubled decentralized crypto lending platform that was forced to halt all user withdrawals last week. Celsius, one of BlockFi’s competitors, reportedly ran out of money to reimburse depositors due to a series of risky decentralized financial betting.

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