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Crypto lender BlockFi just paused withdrawals, cites ‘lack of clarity’ around FTX collapse

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As predicted, the fallout from FTX’s downfall is spreading. Here’s what BlockFi’s move means for customers.

It has not been a good year for cryptocurrency markets, and this last week alone has been horrible. During the past few days, FTX, one of the world’s largest crypto exchanges, has neared collapse, with the owner of that exchange, 30-year-old Sam Bankman-Fried, seeing his assets go from a net worth of almost $16 billion to nearly zero (per Bloomberg).

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