The crypto lending platform SALT has completed a $64.4 million financing to resume operations

ChainCatcher news, according to CoinDesk, the crypto lending platform Salt, which was significantly affected by FTX, has completed a $64.4 million Series A funding round by selling shares to qualified investors. This funding will be used for its new products and growth strategy. It is reported that after obtaining regulatory approval, SALT is working to resume full operations in the first quarter of this year.

Previously, in November 2022, Salt announced that it had suspended deposits and withdrawals due to the impact of FTX's collapse, but did not disclose the specific amount of its exposure to FTX. The online investment platform Bnk To The Future subsequently terminated its acquisition plan. (source link)