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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.