Crypto lender BlockFi issued an official notice to its clients on Nov. 14 denying rumors that the majority of its assets were on FTX prior to the exchange’s collapse.
Despite its exposure, BlockFi assured clients that it has “the necessary liquidity to explore all options” and is currently consulting with experts and advisers on how to navigate its next steps.
Meanwhile, the platform said it plans to continue its pause on many activities after determining that it could not operate business as usual in the current market climate.
BlockFi also cautioned its clients to avoid making any deposits to their BlockFi wallets or interest accounts.
BlockFi’s latest update comes only days after BlockFi’s founder and chief operating officer, Flori Marquez, assured users in a Twitter thread that all BlockFi products were fully operational, as it had a $400 million line of credit from FTX US, which is a separate entity from the global entity affected by the liquidity crunch.

Source - Coin Telegraph

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