BlockFi says it agreed to an option to be acquired by FTX for up to $240M; the deal also includes a $400M revolving credit facility from FTX (Dan Primack/Axios)

Dan Primack / Axios:
BlockFi says it agreed to an option to be acquired by FTX for up to $240M; the deal also includes a $400M revolving credit facility from FTX  —  Troubled crypto lender BlockFi said Friday that it agreed to an option to be acquired by FTX for up to $240 million.