BlockFi: Unable to operate normally due to the impact of the FTX incident, will suspend withdrawal services

ChainCatcher news, the encrypted lending platform BlockFi officially announced: Due to the impact of the FTX incident and the current uncertainty regarding the FTX company's status, BlockFi is unable to operate its business normally. Until further clarification, platform activities will be restricted, including suspending customer withdrawals according to the terms. The platform will share more details as soon as possible, and users should not deposit into BlockFi wallets or interest accounts at this time.

Previous report, on November 9, BlockFi founder Flori Marquez responded on social media that the current products are operating normally. BlockFi had obtained a $400 million credit line from FTX US and had agreed to a potential acquisition deal with FTX after the bankruptcy of Three Arrows Capital, but it is currently an independent business entity from FTX and will remain an independent entity at least until July 2023. (Source link)