FTX Exchange Buying BlockFi for $25M

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As per CNBC reports Crypto exchange FTX is close to signing a deal to purchase struggling crypto lender BlockFi for $25 million.

The deal is expected to be signed by the end of the week.

BlockFi CEO Zac Prince tweeted saying that "I can 100% confirm that we aren't being sold for $25M. I encourage everyone to trust only details that you hear directly from @BlockFi. We will share more [with] you as soon as we can."