“Crypto Lender BlockFi Suspends Withdrawals in FTX Contagion”
November 11, 2022
“The crisis sparked by the collapse of Sam Bankman-Fried’s FTX crypto empire ensnared BlockFi, a troubled digital-asset lender once worth $3 billion but which has now limited activity on its platform…
The Jersey City, New Jersey-based company asked customers to refrain from depositing funds into their BlockFi wallets or interest accounts. In a second-quarter report, BlockFi said the platform’s total deployable clients assets amounted to $3.9 billion…”
https://finance.yahoo.com/news/blockfi-halts-withdrawals-cites-lack-022759306.html
My question is do customers still own or have the crypto they bought? In my opinion the crypto itself is worth more than U.S. dollars because it can rapidly increase in value. There’s no way I would attempt to sell my position if I was on any of these platforms. I would be attempting to confirm security of my cryptocurrency.
Listen people. Anyone who sells their crypto is a fool in my opinion. It’s obvious that crypto is the future and it’s under attack.