BlockFi Asset Freeze
BlockFi Halts Withdrawals
BlockFi is a U.S.-based crypto lending platform offering interest in cryptocurrencies. AS BlockFi was backed by FTX the platform announced on the 11th of November 2022 to halt all withdrawals. The company announced that given the lack of clarity on the status of FTX.com, FTX US, and Alameda, BlockFi isn't able to operate business as usual. We suggest storing your crypto on one of the best crypto wallets instead.
Not available for U.S. clients
Following the $100 Million fine that BlockFi had to pay to the U.S. regulators, the platform has stopped offering its crypto interest account for newly registered users from the United States. It is unclear whether and when BlockFi will be offering its interest-bearing account for U.S. clients again. Users not located in the U.S. remain earning yield on their crypto holdings until the platform limited its activity in mid-November 2022.