Crypto lending platform BlockFi has halted its operations, citing that FTX events are not yet clear.
The turmoil continues in the cryptocurrency market. In particular, the collapse of the cryptocurrency exchange FTX has deeply affected the entire crypto ecosystem. In the ecosystem where assets are heading towards instant liquidity problems, companies are trying to take new measures. The strong winds that have been blowing for days have also affected the BlockFi side. The company stopped withdrawals, citing the events.
BlockFi: FTX Events Are Horrifying
Crypto platform BlockFi stated that they were horrified by the news about FTX and Alameda. According to the statements made by the company, platform activity was limited and withdrawals were stopped.
At the top of the events is the purchase that fell on the market last summer. The FTX exchange had agreed to buy BlockFi in a million-dollar deal.
The crypto company stated that they could not run their business as there was no clarity on FTX and Alameda issues yet. The company also underlined that their priority is to protect customers and their rights. He also stated that they will spend overtime to gain clarity as soon as possible.
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