Bailout

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

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

According to Yusko, the FTX credit line proposal had a catch for BlockFi’s existing shareholders: It gave FTX the option to buy BlockFi “at essentially zero price.” If FTX were to exercise said option, it would effectively wipe out all of BlockFi’s existing equity shareholders, including management and employees with stock options, as well as …

Morgan Creek Is Trying to Counter FTX’s BlockFi Bailout, Leaked Call Shows Read More »

Corporate America Knows the Bailout Is Baked In

Corporate America Knows the Bailout Is Baked In

CoinDesk columnist Nic Carter is partner at Castle Island Ventures, a public blockchain-focused venture fund based in Cambridge, Mass. He is also the cofounder of Coin Metrics, a blockchain analytics startup. In the year 1730, the Irish-French economist Richard Cantillon described the uneven effect of newly issued money as it enters society. He made two common-sense observations: that …

Corporate America Knows the Bailout Is Baked In Read More »