Withdrawals from BlockFi continue to be paused

US-based crypto exchange BlockFi pauses withdrawals.

Quote: > 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. Given the lack of clarity on the status of FTX.com, FTX US and Alameda, we are not able to operate business as usual.

Their website still has a yellow notice at the top:

> “We have limited platform activity, including pausing client withdrawals as allowed under our Terms. We request that clients not deposit to BlockFi Wallet or Interest Accounts at this time.”

Yea, they’ve been disabled (as shown in the date as you mentioned). And it’s no surprise. FTX bailed them out earlier this year, and BlockFi was even shown on the released balance sheet.

"We intend to communicate as frequently as possible going forward but anticipate that this will be less frequent than what our clients and other stakeholders are used to."

Nothing since Nov 11. Their silence is deafening

I'm really SHOCKED that a company that was offering 8% interest on deposits mid 2021, when the fed tax rate was around 0%, ended up being a HUGE PONZI. You can't trust nobody, a guy can't get his 500% greater returns in peace no more.