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The FTX Collapse, Explained - WSJ What Went WrongCryptocurrency exchange FTX is in talks to acquire a stake in crypto lender BlockFi after giving it a $ million credit line this week. Sam Bankman-Fried's FTX crypto exchange has signed a deal with an option to buy embattled crypto lender BlockFi for up to $ million. Crypto exchange FTX is reportedly in talks to acquire a stake in BlockFi after the company issued a $ million credit to the lending firm.