Cointime

  • BTC $16934.12 0.01 %
  • ETH $1273.44 0.04 %
  • BCH $109.90 0.09 %
  • SOL $13.46 -0.07 %
  • XRP $0.39 -0.10 %
  • BNB $288.50 0.00 %

Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse

Cointime Staff· 1 min read

Cryptocurrency trading platform BlockFi are limiting platform activities, including pausing client withdrawals. They also requested clients not deposit to BlockFi Wallet or Interest Accounts at this time, due to the impact of FTX collapse.

BlockFi near collapsed after a raging bull run last year. It entered into an agreement with cryptocurrency exchange FTX in which the latter provided BlockFi with a $400 million credit line.

All Comments