FTX closes in on a deal to buy embattled crypto lender BlockFi for $25 million in a fire sale, source says

(CNBC) FTX is swooping in to buy crypto lender BlockFi for pennies on the dollar, sources told CNBC. The term sheet is almost over the finish line and expected to be signed by the end of the week, according to three sources, who asked not to be named because the deal discussions were confidential.

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