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BlockFi freezes withdrawal, citing 'lack of clarity' at FTX
source link: https://nextbigwhat.com/blockfi-freezes-withdrawal-citing-lack-of-clarity-at-ftx/
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BlockFi freezes withdrawal, citing ‘lack of clarity’ at FTX
- November 11, 2022
BlockFi says, “given the lack of clarity on the status of FTX.com, FTX US and Alameda, we are not able to operate business as usual.”
The company labelled its net exposure at $600 million. It has about 650,000 funded accounts, $500 million in wallet assets, $2.6B in yield assets, and $3.9B in total deployable client assets.
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