Crypto lending and staking platform BlockFi has shared an announcement debunking rumors that most of its assets are staying in FTX. In the statement, it was stated that the transactions will remain closed for an indefinite period.
BlockFi issued an official notice to its customers on November 14, denying rumors that most of their assets were in FTX before the stock market crashed. The company wrote in the blog post, “Rumors that the majority of BlockFi assets are stored in FTX are false” he said and “We have significant exposure to FTX and related corporate assets” he stated.
BlockFi is on its platform until we get more clarity about the collapse of FTX in its statement 4 days ago. withdrawals are suspended. had announced. Although there were statements from the BlockFI front to the contrary of the rumors, it was included in the statement that deposit and withdrawal transactions will remain closed for an indefinite period.
While BlockFi is still struggling to get its assets stuck in FTX, the following statements were included in the details of the statement made by the company on the subject:
There are a number of scenarios we can use and we are currently working to determine the best way forward. BlockFi has the liquidity to explore all the options and we have hired expert outside advisors to help us guide BlockFi’s next steps.
After the FTX bankruptcy, they announced in the past days you’re horrified BlockFi officials also warned their customers to avoid depositing funds into their wallets or interest accounts.