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Withdrawals from BlockFi continue to be paused

blockfi.com

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Re: Withdrawals from BlockFi continue to be paused

#21

Post by SV_BubbleTime »

kahrl wrote: post #19
readthenotes1 wrote: post #8

"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

This is bullshit for: "Prepare for radio silence, but don't be alarmed. Please continue to hold the bag for us."

I'm sure it takes a little time to solve this issue to the degree any customer should expect from them... Researching non-extradition countries with decent quality of life and decent buying power for your... their money.

Re: Withdrawals from BlockFi continue to be paused

#22

Post by coffeebeqn »

apokusin wrote: post #2

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.

BlockFi was rescued by FTX because their ponzi died even earlier.

Re: Withdrawals from BlockFi continue to be paused

#24

Post by hamiltonians »

latchkey wrote: post #20
hamiltonians wrote: post #18

Earlier quoted context omitted.

down 80 percent in a year.already close to dead

Still up 16,000% from Jan 3rd, 2009.

that shows the power of dividing by zero, not that this is a good investment . returns since late 2017 have sucked compared to index funds

Re: Withdrawals from BlockFi continue to be paused

#26

Post by dang »

pmlamotte wrote: post #25
netol wrote: post #3

This is 4 days old

There's an updated post from an hour ago which should probably be the OP https://blockfi.com/november-14-2022-blockfi-update

Good catch - thanks to both of you!

We've changed to that URL now from https://blockfi.com/november-11-2022-blockfi-update.

I've moved the generic comments to the other ongoing thread in this equivalence class:

Crypto Exchange AAX Suspends Withdrawals - https://news.ycombinator.com/item?id=33593646 - Nov 2022 (584 comments)

Re: Withdrawals from BlockFi continue to be paused

#27

Post by jahlove »

readthenotes1 wrote: post #8

"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

https://blockfi.com/november-14-2022-blockfi-update

Re: Withdrawals from BlockFi continue to be paused

#28

Post by stickfigure »

thepasswordis wrote: post #9

Oh my goodness surely this is going to be the absolute end for cryptocurrencies now isn't it? Is bitcoin now dead?

If you look at the existence of alternative coins as an attack on (your preferred) cryptocurrency, then every shitcoin implosion is a good thing.

In the long run it seems unlikely there will be more than a couple surviving cryptocurrencies (see: Metcalfe's Law), and there will be a lot of chaos between now and then.

Re: Withdrawals from BlockFi continue to be paused

#29

Post by latchkey »

hamiltonians wrote: post #24
latchkey wrote: post #20

Earlier quoted context omitted.

Still up 16,000% from Jan 3rd, 2009.

that shows the power of dividing by zero, not that this is a good investment . returns since late 2017 have sucked compared to index funds

> returns since late 2017 have sucked compared to index funds

What do you mean by returns?

Re: Withdrawals from BlockFi continue to be paused

#30

Post by jakelazaroff »

abzolv wrote: post #4

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.”

Amazing — so they've blocked withdrawals but they're "requesting" that people not deposit. Seems legit.
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