Bitcoin24h $112,982.43+0.02%

Ethereum24h $4,208.91+0.49%

XRP24h $2.88+2.11%

BNB24h $995.20-2.35%

Solana24h $219.04-2.72%

Dogecoin24h $0.2428+0.90%

TRON24h $0.3406+1.37%

Cardano24h $0.8256+0.37%

Hyperliquid24h $48.71-1.13%

Avalanche24h $35.10+13.56%

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.