What happened between BlockFi & 3AC?

(CoinDesk archives) © Provided by CoinDesk A federal judge sent BlockFi and Three Arrows Capital lawyers into mediation to try to settle a dispute over $284 million in payments to BlockFi. 3AC was stymied in an effort to combine some of its many court cases into a unified effort.

What is 3AC?

Three arrows capital (3AC) liquidates its staked Ethereum holdings Ethereum slides further as billions of dollars drained from the DeFi ecosystem Crypto Besties: Meet the world’s first metaverse makeup collective

Are BlockFi & three arrows capital going to mediation?

BlockFi and Three Arrows Capital are heading toward mediation over a $284 million dispute, according to a bankruptcy judge's order. (CoinDesk archives) © Provided by CoinDesk A federal judge sent BlockFi and Three Arrows Capital lawyers into mediation to try to settle a dispute over $284 million in payments to BlockFi.

Will FTX buy BlockFi?

This comes after reports from CNBC alleging that massive crypto exchange FTX is seeking to acquire BlockFi, which had been valued at around $5 billion just last year, for about $25 million—which BlockFi CEO Zac Prince has adamantlydenied.