Crypto startup Ledn has reportedly submitted a bid to buy BlockFi, rivaling FTX, which is also in talks to buy the company.
According to a report by Bloomberg, crypto startup Ledn took action to buy BlockFi, which was experiencing liquidity problems. According to the information in the news, the company made a proposal to raise funds of up to $400 million with an equity contribution of $50 million. As it is known, FTX, one of the leading crypto asset trading platforms, is currently in talks to buy BlockFi.
If the offer is accepted, Ledn will receive a significant portion of BlockFi. It was also stated that venture capital company ParaFi Capital will also invest.
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