Trust nobody. BlockFi Founder and COO wrote a Twitter thread just 2 days ago reassuring its customers and clients.

Perfect example of why you should believe no one. Here's a thread from BlockFi CEO just 2 days ago, in the midst of the FTX mess, reassuring its customers and clients, saying they can continue to operate as per normally thanks to a $400M line of credit. There’s a lot of action in the crypto markets today - something we have seen before and are used to managing. Deposits, withdrawals, trading and lending are all up and running. A few important points: 1) All @BlockFi products are fully operational. 2) @BlockFi is an independent business entity. We have a $400MM line of credit from FTX.US (not FTX.com) and will remain an independent entity until at least July 2023. 3) We are processing all client withdrawals in line with our Terms of Service. To date, BlockFi has aimed to deliver all client withdrawals faster than our Terms of Service. blockfi.com/terms 4) We are operating our business in line with our risk management framework, which you can read more about here: blockfi.com/in-depth-look-… We run a pragmatic and diversified lending business and hold risk capital reserves to help protect against potential loan defaults. 5) We are reachable through our usual channels (ticket, chat bot, email and phone) and via @BlockFiSupport. 6) We remain committed to transparency and serving our clients. Source FTX too lied about being able to fulfil all withdrawals during the fiasco. Trust no body. submitted by /u/MaximumSandwich5 [link] [comments]
http://dlvr.it/ScbSKQ