Crypto lending platform BlockFi, FTXstopped its transactions, citing that the events were not clear yet.
The turmoil continues in the cryptocurrency market. Cryptocurrency exchange in particular FTX The collapse of . has deeply affected the entire crypto ecosystem. In the ecosystem where assets are heading towards instant liquidity problems, companies are trying to take new measures. Strong winds blowing for days BlockFi affected the other side. The company stopped withdrawals, citing the events.
BlockFi: FTX Events Are Horrifying
crypto platform BlockFi stated that they were horrified by the news about FTX and Alameda. According to the statements made by the company, platform activity was limited and withdrawals were stopped.
At the top of the events is the purchase that fell on the market last summer. The FTX exchange had agreed to buy BlockFi in a million-dollar deal.
The crypto company stated that they could not run their business as there was no clarity on FTX and Alameda issues yet. The company also underlined that their priority is to protect customers and their rights. He also stated that they will spend overtime to gain clarity as soon as possible.
