Cryptoknowmics
2022-11-11 09:04:43

Crypto Lender BlockFi Halts Withdrawals in Wake of FTX Collapse

Due to the liquidity squeeze that FTX has been going through, Blockfi, one of the top cryptocurrency lending platforms, stated on November 10 that it was restricting operations on its network and suspending client withdrawals. According to the business, the primary justification for this decision was the lack of clarification regarding the exchange’s position. pic.twitter.com/zNF1uP6evl — BlockFi (@BlockFi) November 11, 2022 BlockFi Learned About FTX Collapse The business said in a statement that it learned about the FTX crisis through Twitter and was shocked and disturbed by the problem that had developed. Additionally, the cryptocurrency lending platform said it was The post Crypto Lender BlockFi Halts Withdrawals in Wake of FTX Collapse appeared first on Cryptoknowmics-Crypto News and Media Platform .

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