BlockFi receives a credit line of €250 million per unit of FTX


Though now in a position to support a broader market crash, FTX is one of the companies that liquidated à Celsius, the troubled decentralized crypto lending company that was forced to halt all user withdrawals last week. Celsius, one of BlockFi's competitors, allegedly ran out of funds to pay depots due to a number of risks such as decentralized financial gambling.