BlockFi: Currently an independent business entity from FTX, it will remain independent at least until July 2023

ChainCatcher news, BlockFi founder Flori Marquez responded on social media today that the current products are operating normally. BlockFi is an independent business entity and plans to continue normal operations, handling all customer transactions according to the terms and conditions.

FTX US is not part of Binance's acquisition (http://FTX.com). BlockFi obtained a $400 million line of credit from FTX US (not http://FTX.com). BlockFi had agreed to a potential acquisition deal with FTX after the bankruptcy of Three Arrows Capital, but is currently an independent business entity separate from FTX and will remain an independent entity at least until July 2023.

According to a snapshot from Chainalysis, BlockFi's balance is currently $12.7 million, down from $17 million on November 3. ChainCatcher previously reported that FTX US may ultimately be allowed to acquire the crypto lending company BlockFi for $15 million, which is also the minimum price for the transaction. (Source link)