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Today @BlockFi signed a term sheet with @FTX_Official to secure a $250M revolving credit facility providing us with access to capital that further bolsters our balance sheet and platform strength.

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3:26 PM · Jun 21, 2022Twitter Web App

2) BlockFi has careful risk management and great leadership. So they successfully removed at-risk counterparties preemptively. BlockFi customer assets are appropriately managed, with no debt/risk from 3AC, Celsius, etc.

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3) Sometimes leadership means acting decisively and that’s what BlockFi did: removing troublesome counterparties _before_ they become a problem, and adding cash _before_ it was necessary.

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4) BlockFi is financially strong; all operations are normal, as they always have been, and assets are safe.

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5) And, going forward, we’re excited to partner with BlockFi to offer industry leading products.

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