Sources: FTX is in talks to acquire a stake in BlockFi; FTX gave the crypto lender a $250M credit line this week (Wall Street Journal)

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Wall Street Journal:

Sources: FTX is in talks to acquire a stake in BlockFi; FTX gave the crypto lender a $250M credit line this week  —  FTX gave crypto lender a $250 million credit line this week  —  Crypto billionaire Sam Bankman-Fried has become a lender of last resort to his beleaguered industry.