BlockFi Investor Presentation Deck slide image

BlockFi Investor Presentation Deck

"Crypto-winter" and FTX Industry headwinds in the Summer of 2022 caused contagion across the sector and led to material withdrawals from platforms industry-wide. To protect clients' funds, BlockFi executed a transaction in which FTX committed to loan $400 million in cryptocurrency on a junior basis to BlockFi's obligations to its clients, enabling BlockFi to process billions of dollars in clients' requested withdrawals and other transactions between June and November 2022. BlockFi FTX Strikes Deal With Option to Buy Crypto Lender BlockFi... The deal also includes a $400 million credit facility for Block Fi... The Wall Street Journal - July 1, 2022 13
View entire presentation