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+--- Thread: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse (/showthread.php?tid=6227290)
Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - Itachi Uchiha - Nov 10, 2022
https://hackforums.net/showthread.php?tid=6209984
Made this thread five months back.
https://www.coindesk.com/business/2022/11/10/crypto-lender-blockfi-pauses-withdrawals-in-wake-of-ftx-collapse/?outputType=amp
Edit:
Genesis now admitting to a lose of at least 175M due to FTT collapse.
https://twitter.com/GenesisTrading/status/1590836594382032896?s=20&t=-mUCosNXjr9QdC6vHxR42g
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - Maskin - Nov 10, 2022
Ugh oh my god. I have such a small amount on exchanges anyway but this is pretty bad for crypto, especially short term.
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - Tando - Nov 10, 2022
The ripple effect will unfold within the next few weeks. The smart money will scoop it up, knowing that "secure" and "transparent" exchanges are now a niche to be filled - they will be fileld, and the crypto bullrun will resume late 2023.
PIN THIS
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - Blockonome - Nov 11, 2022
Crypto is on fire again again, cannot wait to see the next bullish period. I do think this is needed for a healthy eco system though.
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - Omniscient - Nov 11, 2022
BlockFi sort of sucks. I joined up but have like $50 in it because it's kind of shitty.
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - Factor8™ - Nov 12, 2022
https://fortune.com/2022/11/10/sam-bankman-fried-ftx-joe-biden-democratic-party-second-biggest-donor/
Saw this interesting video. If true, seems a complete money laundering operation.
https://youtu.be/GTvuohJcUqY?t=3
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - shreder - Nov 28, 2022
Blockfi announces bankruptcy despite saying they were "fine" a week ago. 🤣
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - StuffSneak - Nov 28, 2022
I have made a general rule of not keeping coins on Exchange since BTC-e. I know, long time ago.
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - Omniscient - Nov 28, 2022
Looks like my $50 (now worth $27) is gone.
![[Image: kBpUBJY.png]](https://i.imgur.com/kBpUBJY.png)
I just joined and deposited as a test. Personally was unimpressed and I would have withdrawn the funds except I was hoping that something positive was going to happen with BlockFi. Guess not.
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - SUI-3183372 - Nov 28, 2022
BlockFi is suing Sam Bankman-Fried to seize his stake in Robinhood ($HOOD).
The bankrupt crypto lender claims SBF pledged his Robinhood shares as security just days before FTX and Alameda collapsed.
https://www.ft.com/content/1719e122-3b50-4d86-9a30-9fe72f2286fe
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - Omniscient - Nov 29, 2022
(Nov 28, 2022 04:10 PM)BV1 Wrote: BlockFi is suing Sam Bankman-Fried to seize his stake in Robinhood ($HOOD).
The bankrupt crypto lender claims SBF pledged his Robinhood shares as security just days before FTX and Alameda collapsed.
https://www.ft.com/content/1719e122-3b50-4d86-9a30-9fe72f2286fe
I'm loving how blockchain based public-ledger crypto appears to have just vanished. These centralized authorities are crooks and the system which is suppose to protect consumers is completely compromised.
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - shreder - Nov 29, 2022
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - Itachi Uchiha - Nov 30, 2022
(Nov 29, 2022 02:45 PM)Admin Wrote: I'm loving how blockchain based public-ledger crypto appears to have just vanished. These centralized authorities are crooks and the system which is suppose to protect consumers is completely compromised.
Systems to protect consumers? This is a casino, all the smart people that deal with alts seem to understand this. There is no “protections”, there never was. The FDIC wouldn’t touch any of those people with a mile long pole.
The people I feel bad for are the people who lost heavily, because they trusted these frauds, many with no prior connection to crypto.
Example is the teacher union out in AZ losing their entire staff retirement fund. Shit like that makes my blood boil.
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - Salman Khan - Feb 25, 2023
I recieved legal notice from US as blockfi is bankrupt. How to withdraw funds?
RE: Crypto Lender BlockFi Pauses Withdrawals in Wake of FTX Collapse - shreder - Feb 25, 2023
(Feb 25, 2023 08:58 PM)Salman Khan Wrote: I recieved legal notice from US as blockfi is bankrupt. How to withdraw funds?
There are no funds, all the remaining funds will likely be burned up by bankruptcy lawyers and middlemen. You'll get a penny in the end.