November 11, 2022 BlockFi Update

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As always, we want to provide important updates to you about our business as transparently, empathetically, and quickly as possible. 

We are in the heartbreaking position of sharing the following news with you: 

  1. We are shocked and dismayed by the news regarding FTX and Alameda. We, like the rest of the world, found out about this situation through Twitter. Given the lack of clarity on the status of, FTX US and Alameda, we are not able to operate business as usual.
  2. Our priority has been and will continue to be to protect our clients and their interests.
  3. Until there is further clarity, we are limiting platform activity, including pausing client withdrawals as allowed under our Terms. We will share more specifics as soon as possible. We request that clients not deposit to BlockFi Wallet or Interest Accounts at this time.   
  4. We intend to communicate as frequently as possible going forward but anticipate that this will be less frequent than what our clients and other stakeholders are used to.

For further questions, please feel free to contact our Client Success team.

Last updated on November 11th, 2022

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