Bitcoin24h $109,183.76+0.70%

Ethereum24h $4,485.40+3.03%

XRP24h $2.85+1.31%

BNB24h $863.24+0.29%

Solana24h $205.53-0.15%

Dogecoin24h $0.2206+1.27%

TRON24h $0.3414+0.78%

Cardano24h $0.8369+0.28%

Chainlink24h $23.89+2.75%

Hyperliquid24h $44.91+0.67%

BlockFi’s Zac Prince has returned to work in crypto

Mike Novogratz’s crypto conglomerate Galaxy Digital has hired ex-BlockFi founder Zac Prince as a managing director.

FTX and BlockFi bankruptcies spook Visa and Mastercard

The downfalls of major firms like FTX and BlockFi have led Visa and Mastercard to postpone a number of crypto-related products and services.

Financials published by mistake showed that BlockFi has over $1.2B tied to FTX and Alameda — way more than the $1.02B previously claimed.

Alongside the $275 million from FTX, BlockFi is also owed $54 million from bitcoin miner Core Scientific — but it hasn’t called in that debt.

Core holds 24 bitcoin and $26.6M in cash but has more than $1B in outstanding liabilities, including an $80M loan from BlockFi.