BlockFi Customers Show Concern Over Its Speculated Bitcoin Lent to 3AC

Rumors of massive liquidations are fueling fears of complete insolvency at 3AC – while rumors say BlockFi has lent enormous sums of bitcoin to the firm.

A substantial amount of the bitcoin that customers deposited at BlockFi was directed to GBTC or 3AC. As a result, a large number of BlockFi’s bitcoin are illiquid.

[Via]

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