BlockFi attracted $500 million in the next round of financing – Bits Media

BlockFi cryptocurrency loan service continues to attract funding - in the next round, investors have invested in the company $500 million. BlockFi capitalization is now estimated at $4.75 billion.

In March, BlockFi already attracted $350 million. Current Series E Funding Round, leaders which became the hedge fund Dan Loyba (And Loeb) Third Point and the British venture company Hedosophia, should end by the end of the month.

“Recently, I really plunged into the cryptocurrency industry. This is a real test, how open you are new, Innovative and controversial ideas ", - He wrote Loeb.

In mid -May, Blockfi's marketing campaign led to that, that some of the users received gifts not in GUSD stablecoins, а в btc. As a result, One of the users received more $28 mln.

The team reported, that this mistake led to the loss approximately $6 million. Now the investigation of the incident is engaged in the audit company KPMG. At the same time, in a letter to investors, Blockfi emphasizes, that "the team is completely charged" to work and "action".

Earlier, cryptocurrency credit service invested funds in BTC mining. The direction was launched together with Blockstream Mining, which posted Blockfi ASIC in its center in the American city Adele.