BlockFi's withdrawals open, and it's absolute JOKE

BlockFi's withdrawals open, and it's absolute JOKE

By LeftFooted | bitcoinea | 6 Sep 2023


The writing was on the wall, and I should've known better. I wasn't invested in FTX, but I had some money in BlockFi, and as soon as FTX began teetering, I should've removed funds from BlockFi.


But I didn't, so here we are, lesson learnt.


When BlockFi emailed me and thousands of other fools like me, saying they had "significant exposure to FTX", I knew instantly the funds were gone.


I accepted it. And I'm still with that mindset.


And my hopes never went up when BlockFi and Kroll, the company that's overseeing the Chapter 11 procedure, began emailing me every five minutes.


Then last night I got an email saying I was now "eligible for withdrawals", to which I thought, "okay that's nice". I'll probably get cents on the dollar but that's fine.


Then this morning I opened the app and it's an absolute joke.


Long story short, I've got some ETH, some BTC, some LTC and some crypto dust. Worth around $280 in total.


None of that is available for withdrawal, because everything has been moved out of the wallet. It's there, I can see it, but it's not 'withdrawable'.


The only thing that's left in the wallet, that's available for withdrawal, is $0.69 worth of Gemini USD. Which, by the way, is not even my money, it was like a dumb airdrop or something.


So yeah, "I'm eligible" to withdraw 69 cents out of a possible $280. Give me a break.

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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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