How has the FTX collapse affected the withdrawal process on BlockFi?

3 answers

• Nov 23, 2021 · 3 years ago
  Following the FTX collapse, BlockFi has implemented additional security measures to protect user funds during the withdrawal process. This includes enhanced verification procedures and increased scrutiny on withdrawal requests. These measures are aimed at preventing any potential unauthorized access to user accounts and ensuring the safety of funds.
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• Nov 23, 2021 · 3 years ago
  The FTX collapse has led to a temporary suspension of withdrawals on BlockFi as the platform conducts a thorough review of its security protocols. This is a precautionary measure to ensure that all user funds are secure and protected. BlockFi is actively working to resolve any issues and resume normal withdrawal operations as soon as possible.
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• Nov 23, 2021 · 3 years ago
  As a third-party observer, BYDFi has noticed that the FTX collapse has had a significant impact on the withdrawal process on BlockFi. Users are experiencing delays and increased scrutiny on their withdrawal requests as the platform strengthens its security measures. It is important for users to understand that these measures are in place to protect their funds and maintain the overall security of the platform.
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