Zac Prince blew up BlockFi, now wants your deposits at Galaxy One
While leading BlockFi, Zac Prince advertised rates on Circle’s USD stablecoin of 7.5%. Now at Galaxy One, he’s advertising 8% APY on USD.
While leading BlockFi, Zac Prince advertised rates on Circle’s USD stablecoin of 7.5%. Now at Galaxy One, he’s advertising 8% APY on USD.
Mike Novogratz’s crypto conglomerate Galaxy Digital has hired ex-BlockFi founder Zac Prince as a managing director.
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.