ZAC PRINCE

Zac Prince co-founded BlockFi, a crypto lending platform that raised $450M from Valar Ventures, Paradigm, and Tiger Global. BlockFi offered up to 9.5% APY on crypto deposits. The SEC charged BlockFi in February 2022 with offering unregistered securities; it settled for $100M. BlockFi had also extended $600M to Three Arrows Capital, which collapsed in June 2022. When FTX filed for bankruptcy in November 2022, BlockFi — with $355M exposed — also filed for bankruptcy, leaving 600,000 customers unable to withdraw funds.