Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows - CoinDesk

FTX’s $250 million credit facility offer – if inked as initially proposed – stood to effectively wipe out all BlockFi shareholders, including Morgan Creek Digital, the firm told its investors.

Cryptocurrency investment firm Morgan Creek Digital is attempting to raise $250 million from investors to purchase a majority stake in crypto lender BlockFi, a leaked investor call from Tuesday revea… [+4761 chars]

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