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Galaxy exec Zac Prince lends again while his BlockFi victims await payouts

Zac Prince is promoting crypto loans again as BlockFi class members await payouts and Galaxy has only partially disgorged its LUNA proceeds.

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.

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.