BlockFi co-founder Flori Gilroy hired to lead revamped SoFi crypto unit

Key Points

1. Flori Gilroy, previously known as Flori Marquez, co-founded BlockFi, which filed for bankruptcy after being acquired by FTX and impacted by Three Arrows Capital's collapse.

2. SoFi, which invested in BlockFi’s seed round in 2018, has quietly updated its masthead to reflect Gilroy’s new role.

3. BlockFi emerged from bankruptcy in October, and its bankruptcy administrator recently settled a lawsuit with the US Department of Justice regarding the transfer of some crypto assets.

4. SoFi’s crypto unit focuses on global remittances and blockchain innovations, as mentioned in a late June press release.