BlockFi secures $250 million bailout from FTX.

Shortly before the Celsius freeze, I read that trading firm Alameda Research pulled out of a 50k ETH position that led to the “run on the bank.” The founder of Alameda Research is also the founder of FTX, which has tossed now a lifeline to competitor BlockFi. This reminds me of Lehman Brothers failing then Bear Stearns getting a government bailout. | learn more