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BlockFi Review 🎖️ Is BlockFi Safe?

Last update | 12. November 2022

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Secured bycryptoassets
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Information:

BlockFi halts all withdrawals. Users' assets are at risk!

0
rating

Chosen 36 times

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Tested Platform
HIGHLIGHTS
  • BlockFi halted all withdrawals

  • Users should refrain from depositing funds

  • Platform limits activity

  • BlockFi is citing "lack of clarity"

RATING
Risk & Returnnumber of stars
Usabilitynumber of stars
Liquiditynumber of stars
Supportnumber of stars
FEATURES
closed iconBuyback Guarantee
closed iconAuto Invest
closed iconSecondary Market
closed iconCashback
closed iconRegulated
DIVERSIFICATION
Min. Investment$ 1
Loan Originators1
Loan Period in Months6 - 34
Countries1
Loan TypeCrypto loan
Interest0.5% - 8.6%

News

Statistics

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Year founded:

2017

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Investors' earnings:

Not available

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Total invested:

Not available

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Loss of investors' money:

Not available

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Number of investors:

125.000

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Average portfolio size:

Not available

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Funds in recovery:

Not available

    Table of contents

Table of contents

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.

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.

COMPANY INFORMATION

  • Company:
  • BlockFi Trading LLC
  • Legal Address:
  • 201 Montgomery St, Suite 263, Jersey City, NJ 07302, USA
  • Office Address:
  • Email:
  • support@blockfi.com