Sources: Crypto lending and borrowing service BlockFi is in the process of raising a down round at a $1B valuation; BlockFi was last valued at $3B in March 2021 (Frank Chaparro/The Block)

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Frank Chaparro / The Block:

Sources: Crypto lending and borrowing service BlockFi is in the process of raising a down round at a $1B valuation; BlockFi was last valued at $3B in March 2021  —  Crypto financial services firm BlockFi is in the process of closing a down-round — in which funds will be raised …



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