BlockFi limits platform activity, including a halt on client withdrawals

BlockFi limits platform activity, including a halt on client withdrawals


Crypto lender BlockFi has halted client withdrawals on its platform as part of a broader limit to activity in the wake of FTX’s collapse.

pic.twitter.com/zNF1uP6evl

— BlockFi (@BlockFi) November 11, 2022

The company said in the Nov. 11 tweet that a “lack of clarity on the status of FTX.com, FTX US and Alameda” has prevented it from being able to operate as normal.

Trending: Fake News Media Complains about Elon Musk’s Twitter Crackdown on Illicit Sexual Content

As a result, it has limited platform activity until there is further clarity on the developing situation, it said. 

The firm has also requested that clients do not deposit to BlockFi wallets or Interest Accounts at this point in time.

It follows only days after a Nov 8. Twitter thread in which BlockFi founder and COO Flori Marquez claimed that all BlockFi products were fully operational, as they

Continue reading


 

Join the conversation!

Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!

Daily Truth Report • DailyTruthReport.com
Thanks for sharing!
Send this to a friend