BlockFi has halted all withdrawals on its platform, citing a “lack of clarity on the status of FTX.com, FTX US, and Alameda”.
The lender affirms that its clients and their interests are its top priority.
Users have been warned not to make deposits on the platform at this time.
Two days ago, the company claimed that its full product range was “fully operational”.
BlockFi has a $400 million line of credit from FTX U.S.
In a statement made on Friday, November 11th, Crypto lender BlockFi announced the halt of all withdrawal services. The firm cited a “lack of clarity on the status of FTX.com, FTX US, and Alameda” as the primary reason for it’s inability to operate as usual.
“We are shocked and dismayed by the news regarding FTX and Alameda. We, like the rest of the world, found out about this situation through Twitter,” BlockFi explained on Twitter.
The firm initiated the suspsension of client withdrawal operations, as outlined in its Terms of Service for ext
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