Bloomberg learned about the Blockfi proposal by Ledn

The competing LEDN platform has addressed the financial problems of the Blockfi cryptoland company. This is reported by Bloomberg with reference to sources.

According to the agency, the FTX crypto officer Sam Bankman-Frida is negotiating with Blockfi on potential acquisition. CNBC indicated that the estimated purchase amount is $ 25 million, while in March 2021 the company’s rating reached $ 3 billion.

Co -founder and CEO BLOCKFI Zach Prince denied messages:

“There are many rumors in the market – I can 100% confirm that we are not sold for $ 25 million. I urge everyone to trust only information directly from Blockfi. We will tell you more as soon as we can “.

According to Bloomberg sources, the LEDN proposal does not imply full acquisition, but provides for the allocation of additional capital.

Under the terms of LEDN, the BlockFi funding https://gagarin.news/news/open-sea-nft-trading-volume-drops-98/ round in the amount of $ 400 million, and also contribute a share capital of $ 50 million. As a result, the company will receive a “significant share” in the competitor.

CEO LEDN Adam Reids said that “at the moment it cannot share any additional details”.

“Ledn is currently evaluating a number of opportunities to expand its leadership in lending to digital assets and beyond,” he said.

The Canadian platform provides an opportunity to earn up to 7.5% per annum for deposits in Bitcoin and USDC stabelcoin, as well as occupy funds. However, unlike some competitors, LEDN does not invest in Defi Protokols for income, noted Bloomberg.

Blockfi was among those who affected the liquidity crisis in the industry and problems in Three Arrows Capital (3ac). The company admitted that they liquidated the position of a large client who did not fulfill credit claims. According to media reports, we are talking about 3ac.

Recall, journalists learned about Morgan Creek Digital’s plans to attract $ 250 million to purchase a controlling stake in Blockfi.

Read the FORKLOG Bitcoin News in our Telegram-cryptocurrency news, courses and analytics.