[ad_1]
Based on Yusko, the FTX credit score line proposal had a catch for BlockFi’s present shareholders: It gave FTX the choice to purchase BlockFi “at basically zero value.” If FTX have been to train mentioned possibility, it will successfully wipe out all of BlockFi’s present fairness shareholders, together with administration and workers with inventory choices, in addition to all fairness traders within the firm’s earlier enterprise rounds.
[ad_2]
Source link