coindesk.com
FTX is in talks to acquire a stake in beleaguered crypto lender BlockFi, the Wall Street Journal reported Friday.
The potential tie-up would quickly deepen the financial relationship established when FTX extended a $250 million emergency line of credit to BlockFi earlier this week.
According to WSJ, the talks are ongoing and no final terms have been reached.
Sam Bankman-Fried’s trading empire has emerged as a backstop for the crypto industry amid fears of contagion in the falling markets.