BlockFi cryptocurrency loan service continues to attract funding – in the next round, investors have invested $ 500 million in the company.Now, BlockFi’s capitalization is estimated at $ 4.75 billion.
BlockFi already raised $ 350 million in March. The current Series E funding round, led by hedge fund Dan Loeb Third Point and UK-based venture capital firm Hedosophia, is due to end by the end of the month.
“Lately, I have really immersed myself in the cryptocurrency industry. This is a real test of how open you are to new, innovative and controversial ideas. ” wrote Loeb.
In mid-May, an error in the BlockFi marketing campaign led to the fact that some users received gifts not in GUSD stablecoins, but in BTC. As a result, one of the users received over $ 28 million.
The team reported that this mistake led to the loss of approximately $ 6 million. The audit company KPMG is currently investigating the incident. At the same time, in a letter to investors, BlockFi emphasizes that “the team is fully charged” for work and “action.”
Previously, a cryptocurrency loan service invested in BTC mining. The direction was launched in conjunction with Blockstream Mining, which has placed BlockFi ASIC miners at its center in the American city of Adele.
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