BlockFi, a global crypto financial services company, signed a term sheet with FTX to secure a USD$250 million revolving line of credit providing BlockFi with access to further capital. The proceeds of the credit facility are intended to be contractually subordinate to all client balances across all account types (such as BlockFi Interest Account .
/PRNewswire/ BlockFi, a global crypto financial services company, today announced that the company signed a term sheet with FTX to secure a $250 million USD.