Crypto lender BlockFi has halted client withdrawals on its platform as part of a broader limit to activity in the wake of FTX’s collapse.
As a result, it has limited platform activity until there is further clarity on the developing situation, it said.
@BlockFi is an independent business entity.
We have a $400MM line of credit from https://t.co/rFQz2hySwu (not https://t.co/oVC3gZQ6lb) and will remain an independent entity until at least July 2023. —
Flori Marquez (@FounderFlori) November 8, 2022 However, recent developments from FTX US, in which a banner at the top of the FTX US website said “trading may be halted on FTX US in a few days” raises questions about the financial impact the fallout of FTX has had on its US arm.
This is a developing story and more information will be added as it becomes available.

Source- Coin Telegraph

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