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)

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 …

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)

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 …