Blockfolio: FTX Spent $84 Million To Acquire Blockfolio, Almost Entirely In FTT Tokens

Financial records obtained by Bloomberg News show that the bankrupt crypto exchange FTX used a token it created to pay for the acquisition of the trading platform Blockfolio. Bloomberg reported that one of the biggest crypto purchases at the time, FTX spent over $84 million to acquire the bulk of Blockfolio in 2020. Of that amount, 94% [...]