Asset manager Morgan Creek Digital wants to compete with FTX’s support for troubled crypto lender BlockFi. The investment firm is looking to raise $250 million from investors in order to acquire a majority stake in BlockFi, CoinDesk reported on Sunday, citing a leaked investor call. Morgan Creek, a longtime BlockFi backer, reportedly came up with this plan after FTX last week announced a $250 million credit line for the lender. According to the leaked audio, Morgan Creek Digital’s Managing Partner Mark Yusko said he had been “making calls all day.” Crypto billionaire and FTX CEO Sam Bankman-Fried has been labeled a ... (full story)