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TEXXR

Chronicles

The story behind the story

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Bankrupt crypto lender BlockFi announces plans to shut down its web platform in May and partners with Coinbase to allow clients to access and withdraw funds

The plan administrator will continue to use Coinbase for upcoming distribution rounds, potentially involving recovered funds from FTX.

Cointelegraph Amaka Nwaokocha

Discussion

  • @aarondbennett Aaron Bennett on x
    Finally a major news publication explained that FTX customers are NOT getting all their $ back. The same “percent back” verbiage applies Celsius, Voyager and BlockFi.
  • @1scottaugustine Scott Augustine on x
    Coinbase does not get enough credit for how they actually facilitate and help customers of failed crypto companies that @FTX_Official was cosplaying
  • @blockfi @blockfi on x
    BlockFi is pleased to announce Coinbase as our distribution partner to ensure continuity of crypto withdrawals available to our eligible BlockFi Interest Account (BIA), Retail Loan, and Private clients.
  • r/blockfi r on reddit
    BlockFi Web Platform Shut Down and Coinbase Distribution Partnership
  • r/ethtrader r on reddit
    BlockFi partners with Coinbase for fund distribution amid shutdown