BlockFi CEO Prince on Credit Pact With FTX, Crypto Plunge: Q&A

Within the cryptocurrencies space, lenders have been under the spotlight in recent days after some disclosed signs of trouble. But one of the biggest players in the space, BlockFi Inc., says every aspect of the business is functioning.

The Jersey City, New Jersey-based company made waves on Tuesday when it disclosed that crypto powerhouse FTX agreed to provide it with a $250 million revolving credit facility. Zac Prince, co-founder and CEO of BlockFi, said the move helps to further bolster his company’s balance sheet.