SBF trial day 8: BlockFi’s Zac Prince blames FTX and Alameda for lender’s downfall

2023-10-14 20:08

The second week of Sam Bankman-Fried’s criminal trial for fraud concluded with witness testimony from Zac Prince, whose crypto lending firm BlockFi loaned $1.1 billion to Alameda before FTX’s collapse.

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Источник: btcmanager.com

prince ftx → Результатов: 10

BlockFi CEO Zac Prince testifies to lending relationship with Alameda Research before its collapse

Zac Prince, the CEO of BlockFi, continued to provide testimony in the criminal trial of former FTX CEO Sam Bankman-Fried on Oct. 13. In the previous day’s testimony, Prince described his firm’s lending relationship with Alameda Research.

2023-10-14 02:10	lending
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Binance, Snapchat and capital among things SBF was ‘freaking out’ about

Former FTX CEO Sam Bankman-Fried was once “freaking out about” getting regulators to crack down on Binance and raising capital from a Saudi crown prince, according to former Alameda CEO Caroline Ellison.

2023-10-12 03:17	Bankruptcy
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Sam Bankman-Fried considered selling FTX equity to Saudi crown prince, says Caroline Ellison

Testimony from the former Alameda Research CEO continued on the sixth day of Sam Bankman-Fried’s criminal trial, delving into potential investments prior to FTX’s bankruptcy.

2023-10-12 19:47	Investments
ftx sam bankman-fried day sixth continued criminal

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BlockFi CEO was aware of FTX’s conditions when lending to it

A recent court report alleges BlockFi CEO Zac Prince dismissed repeated warnings from his risk management team about the shaky financials of major counterparty FTX. According to the report, Prince pushed to increase lending to FTX and sister entity Alameda…

2023-7-19 16:25	FTX
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BlockFi announces deal with FTX US, including 'option to acquire' for $240M

According to CEO Zac Prince, BlockFi signed agreements with FTX US totaling $680 million — for a company that had a $5 billion valuation in June 2021.

2022-7-2 23:03	Cryptocurrency Exchange
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FTX gives BlockFi $400M credit facility; has option to buy company for up to $240 million

BlockFi’s CEO Zac Prince on July 1 announced a $400 million credit facility from FTX and the option to purchase the company in its entirety for up to $240 million depending on performance. The post FTX gives BlockFi $400M credit facility; has option to buy company for up to $240 million appeared first on CryptoSlate.

2022-7-2 22:58	Investments
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BlockFi CEO Dismisses Rumors Company Would Be Sold for $25M

BlockFi CEO Zac Prince has denied rumors that FTX would be acquiring the company for $25 million. Multiple publications said the acquisition deal would be closed by the end of the week. The post BlockFi CEO Dismisses Rumors Company Would Be Sold for $25M appeared first on BeInCrypto.

2022-7-1 16:00
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BlockFi gets $250 million credit facility from FTX to support platform

Crypto lending platform BlockFi has signed a term sheet with leading crypto exchange FTX to secure a $250 million revolving credit facility, BlockFi CEO Zac Prince announced June 21. The post BlockFi gets $250 million credit facility from FTX to support platform appeared first on CryptoSlate.

2022-6-22 00:00	Payments
blockfi platform ftx facility credit 250 million

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BlockFi Secures $250M Revolving Loan From FTX

BlockFi CEO Zac Prince said the loan would bolster the firms balance sheet and platform strength. BlockFi Accepts Credit From FTX BlockFi has partnered with FTX for a new line...

2022-6-21 17:38	FTX
blockfi ftx loan platform accepts strength credit

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Sam Bankman-Fried Agrees to Help FTX Investors Go After Celeb Promoters

Sam Bankman-Fried has inked a settlement agreement with a group of FTX customers who have agreed to drop their class action lawsuit against him in exchange for his help going after celebrity promoters of the collapsed exchange.

FTX investors cut deal with Sam Bankman-Fried to target celeb promoters

FTX investors reach a settlement with Sam Bankman-Fried, who would help in lawsuits against celebrity endorsers of the failed exchange. The post FTX investors cut deal with Sam Bankman-Fried to target celeb promoters appeared first on Crypto Briefing.