Celsius Shareholder BnkToTheFuture Proposes Bitcoin Investments, Restructuring in Rescue Bid

Troubled crypto lender BlockFi said Friday that it agreed to an option to be acquired by FTX for up to $240 million. It also will receive a $400 million revolving credit facility from the crypto exchange operator. What to know: The acquisition figure would include performance incentives, and BlockFi didn't specify how much would be an upfront payment. CNBC yesterday reported the base price could be as low as $25 million, compared to the $2.1 billion that BlockFi has raised in venture capital funding. tweet at 2:11pm: Yesterday we signed definitive agreements, subject to shareholder approval, with FTX US for: 1. A $400M revolving credit facility which is subordinate to all client funds, and 2. An option to acquire BlockFi at a variable price of up to $240M based on performance triggers.

tweet at 2:58pm: Voyager to temporarily suspend trading, deposits, withdrawals and loyalty rewardsVoyager Digital Provides Market Update Voyager Digital LLC, the operating platform of Voyager Digital Ltd. ("Voyager" or the "Company") (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), announced it is temporarily suspending trading, deposits, withdrawals and loyalty rewards, effective at 2:00 p.m. Eastern Daylight Time today. "This was a tremendously difficult decision, but we believe it is the right one given current market conditions," said Stephen Ehrlich, Chief Executive Officer of Voyager. "This decision gives us additional time to continue exploring strategic alternatives with various interested parties while preserving the value of the Voyager platform we have built together. We will provide additional information at the appropriate time." Voyager previously announced that its subsidiary, Voyager Digital LLC, issued a notice of default to Three Arrows Capital ("3AC") for failure to make the required payments on its previously disclosed loan of 15,250 BTC and $350 million USDC. Voyager is actively pursuing all available remedies for recovery from 3AC, including through the court-ordered liquidation process in the British Virgin Islands.