Crypto lending platform BlockFistarted to demand collateral from its investors after it stopped withdrawals.
Cryptocurrency exchange of FTX With the collapse, the losses of the affected companies continue to grow. Especially FTX Companies affiliated with the company are looking for ways to avoid bankruptcies. Many companies have trouble paying back their investors’ assets. Investment asset management companies and crypto lending platforms are looking for ways to find new liquidity. However, beyond all the hustle and bustle, investors felt uneasy. one of these companies BlockFibegan to demand collateral from its investors.
BlockFi Demands Collateral and Investment
BlockFi , citing FTX events last week, stopped withdrawals. Investors who want to save their assets have received a new message from the company.
BlockFi requested a new investment and collateral in an e-mail he sent to a customer. The company conveyed this request that the best way to improve margin would be to collateralize the loan. In addition, the company informed its client to deposit cryptocurrencies in his wallet and create collateral.
on leave until the end of the year BlockFifounder and CEO Zac Princedeclined to comment on the matter.
The investors of the company are experiencing loss of confidence and uneasiness due to the events. It was noteworthy that the company, which stated that it would carry out all transactions without any problems, requested collateral.
