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Bitcoin billionaire Sam Bankman-Fried bails out embattled crypto firms BlockFi and Voyager

by Editor June 23, 2022, 11:19 pm 1.7k Views

Bitcoin billionaire Sam Bankman-Fried bails out embattled crypto firms BlockFi and Voyager

With no central bank willing to come to the rescue, beleaguered crypto companies are turning to their peers for help.

Billionaire crypto boss Sam Bankman-Fried’s companies has signed deals to bail out two firms in as many weeks: BlockFi, a quasi-bank, and Voyager Digital, a digital asset brokerage.

FTX, Bankman-Fried’s crypto exchange, agreed Tuesday to provide BlockFi with a $250 million revolving credit facility. Bankman-Fried said the…

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