BlockFi's withdrawal scheme is even DUMBER than I thought

BlockFi's withdrawal scheme is even DUMBER than I thought

By LeftFooted | bitcoinea | 6 Sep 2023


A quick recap.


Late 2022 FTX goes bust, November 2022 the snowball effect begins and BlockFi also goes bust.


November 2022 - now, BlockFi sends users email about Chapter 11.


September 2023 I receive an email about MY BlockFi.


In short, I'm now 'eligible' to withdraw funds, but the funds I can withdraw are limited to my $0.69 GUSD (which was an Airdrop btw, I'd never buy that s**t).


It gets dumber because BlockFi will apply a $11 fee to the withdrawal.


Maybe they just wanna be seen doing something, and maybe they reckon if they allow people to withdraw smallest sums first, they'll be able to discourage users with these fees.


But it's still ridiculous.

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LeftFooted
LeftFooted

I’m a left-footed duck that loves writing. I write about cars, watches, craft beer and, you’ve guessed it, crypto Also active on read.cash


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