Bitcoin24h $111,689.13-3.03%

Ethereum24h $4,000.00-3.80%

BNB24h $1,208.45-11.25%

XRP24h $2.47-5.93%

Solana24h $196.72-0.49%

Dogecoin24h $0.2010-4.91%

TRON24h $0.3123-3.15%

Cardano24h $0.6847-5.15%

Hyperliquid24h $39.33-6.08%

Chainlink24h $18.66-4.77%

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.

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.

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.