FTX US, the sources said, would pay an additional $25 million if, by Dec. 31, BlockFi wins an important regulatory clearance from the U.S. Securities and Exchange Commission for BlockFi Yield, a product that would generate interest on depositors’ crypto by lending the crypto out at a higher rate.
Sam Bankman-Fried’s Crypto Exchange FTX Could Buy BlockFi for Only $15M – or a Lot More If the Lender Hits Big Goals
