BlockFi declared halting of withdrawals “as per their terms”.
FTX’s acquisition invites to Binance have also reached a dead-end.
BlockFi, one of the leading crypto lending firms has declared withdrawal halting “as per their terms”. The clients are furthermore restricted from depositing in BlockFi wallets and interest accounts.
pic.twitter.com/zNF1uP6evl
— BlockFi (@BlockFi) November 11, 2022
FTX’s financial struggle is snowballing along with its international counterparts. The bad effect of the FTX situation can be witnessed in the associated partner’s recent announcements. Additionally, the withdrawal of Binance from the acquisition has worsened the condition.
FTX Shadow on BlockFi
When the crypto market was falling apart in the month of May 2022, Sam Bankman-Fried, CEO of crypto exchange FTX started funding a number of agencies. BlockFi is one among them, in June 2022 the crypto financial service company received a line of credit worth $250 million.
The past two
We współpracy z: https://thenewscrypto.com/blockfi-limits-user-activities-due-to-uncertain-ftx-situation/
