Today in Crypto: FTX May Acquire BlockFi
Summary
The founder of OneCoin, Ruja Ignatova, is now on the FBI’s Ten Most Wanted list after she allegedly defrauded over $4 billion from investors, CoinDesk reported Thursday (June 30). The exchange will instead continue raising funds to help make up for the shortfall of $47 million triggered by a client’s default, according to a Bloomberg report. In other news, CNBC reported Thursday that FTX is nearing a deal to acquire crypto lender BlockFi for pennies on the dollar, citing sources familiar with the matter. Finally, Celsius Network, the crypto lender which had halted withdrawals over two weeks ago, is now looking into ways to return to normal, including “strategic transactions as well as a restructuring of our liabilities.” The company made its statement in a blog post, though it did not elaborate further. Several other crypto firms have also been dealing with instability, including Babel, BlockFi and hedge fund Three Arrows Capital.