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CoinGape
2024-01-06 01:49:30

Just In: FTX Sells $100M Stake to Dave for $71M in Court Deal

Just In: FTX Sells $100M Stake to Dave for $71M in Court Deal

Fintech firm Dave has decided to distance itself from the troubled crypto exchange FTX. Dave announced its plan to repurchase a $100 million convertible promissory note from FTX Ventures, the venture capital arm of FTX. This development comes as a response to the bankruptcy and legal challenges surrounding FTX. The Financial Mechanics of the Buyback The post Just In: FTX Sells $100M Stake to Dave for $71M in Court Deal appeared first on CoinGape .

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