BlockFi freezes withdrawal, citing ‘lack of clarity’ at FTX

BlockFi says, “given the lack of clarity on the status of, FTX US and Alameda, we are not able to operate business as usual.”

The company labelled its net exposure at $600 million. It has about 650,000 funded accounts, $500 million in wallet assets, $2.6B in yield assets, and $3.9B in total deployable client assets.

[ Via]

Download NBW: Short news app created for busy professionals like you

Get NBW App - a reimagined fluid short news experience that delivers you clarity and all the important news and trends from your industry. No signup needed !

Download NBW App (Android, iOS)

Sign Up for NextBigWhat Newsletter