BlockFi expresses its anguish regarding FTX’s bankruptcy

BlockFi has gone the extra mile and made a public announcement regarding its sheer anguish. This is in reference to how the negative situation at FTX appears to be having a terrible impact on all of its clients. This is their method of reaching out to their customers in an attempt to get them to exercise a little more patience. 

At the same time, they are relaying the information that the immediate plan of action at the BlockFi camp is to keep a low profile for some time until the circumstances become more favorable. In addition, they seized the opportunity to reassure their clientele that they are actively pursuing alternative opportunities and channels.

According to their assessment, the bankruptcy scenario involving FTX has undoubtedly shaken the entire connected industry and, as of now, is having a hugely detrimental impact on all parties involved. Additionally, the BlockFi team firmly refutes the prevalent rumors that a significant portion of their assets are blocked and locked with FTX. 

According to their statements, none of that contains even a shred of veracity. In addition, they urgently request that none of their customers make any deposits to their BlockFi wallets or interest accounts until further notice.

David Cox

David is a finance graduate and crypto enthusiast. He projects his expertise in subjects like crypto and Blockchain while writing for CryptoNewsZ. Being from Finance background, he efficiently writes Price Analysis. Apart from writing, he actively nurtures hobbies like sports and movies.

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