BlockFi announced a temporary halt on fund withdrawal.
The announcement comes following the potential liquidation of FTX.
FTT was trading at the market price of $2.9.
The Effects Had Begun
The news of FTX acquisition has added another catastrophic speculation among the investors and firms amid this crypto winter. BlockFi, a crypto lending firm, announced that they will halt certain activities including account withdrawals. They asked the users to not make deposits during this time.
pic.twitter.com/zNF1uP6evl
— BlockFi (@BlockFi) November 11, 2022
They said that they are unable to operate the business as usual due to uncertainty associated with the FTX exchange. BlockFi is prioritizing the safety of their customers from any potential financial damages if the SBF-backed company liquidates. Cryptosphere has already witnessed some of the worst scenarios in the sector, and this will not come as a surprise to the investors.
The big boys of the crypto industry agreed to sign a deal to sav
We współpracy z: https://www.thecoinrepublic.com/2022/11/11/blockfi-protecting-users-from-uncertain-alameda-and-ftx-scenario/
