BlockFi Suspends Withdrawals Amid FTX Crisis
Main page News, Cryptocurrency Exchanges, FTX

Lending platform BlockFi has recently reported it will restrict trading due to a lack of clarity regarding the situation of FTX and Alameda Research.

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The company has suspended withdrawals and advised users to refrain from making deposits into portfolios and interest-bearing accounts.

According to the announcement:

"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. Our priority has been and will continue to be to protect our clients and their interests."

On November 8, BlockFi founder Flori Marquez assured all of the company's products are operational and that the business is not dependent on Sam Bankman-Fried's companies.

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