BlockFi

202 Articles 9 Followers


The FTX + BlockFi disaster went from bad to worse because of how it was mishandled

3 Oct 2025 1 minute read 0 comments LeftFooted

The FTX (and BlockFi) disaster was bad enough. It cost a lot of people a lot of money. It should've cost an investment 'guru' we won't name his reputation but didn't because unfortunately people forget. But it went from bad to worse because of how i...

BlockFi to process distribution via Coinbase

19 Jul 2024 1 minute read 1 comment Yugocean

BlockFi to process distribution      BlockFi announces to commence crypto distribution batches, interim distribution will start this month (July 2024). There are many loops and holes.      Platform: Since BlockFi platform is closed, BlockFi has part...

Japanese Firm MetaPlanet adopts Bitcoin as a reserve assets

13 May 2024 1 minute read 0 comments Yugocean

MetaPlanet has adopted Bitcoin as a reserve asset      On any economic problem it is said that "Bitcoin fixes this" - this saying has been proved by Japan-based TSC listed firm MetaPlanet. Japan's debt-to-GDP ratio has exceeded 250%, due to burden, t...

There's a persistent side issue with the crypto world - And no one knows how it can be fixed

19 Mar 2024 1 minute read 5 comments LeftFooted

I'm supposed to be able to withdraw funds from my BlockFi account. But I'm not sure how. And I'm not sure how because, since the whole FTX saga started, and therefore since BlockFi went belly up, I've received dozens of emails every week, every singl...

The FTX / BlockFI bankruptcy is a farce

15 Jan 2024 2 minute read 3 comments LeftFooted

A new chapter was added to the FTX / BlockFI saga and this thing is really starting to get my goat. Let's do a recap of what's going on and how it affects me first. To give you a little bit of context. FTX went bankrupt, we all know that, and Block...

Yet more scammy emails

21 Oct 2023 1 minute read 2 comments LeftFooted

I don't know about you, but I've been bombarded by emails from 'Kroll' in the past few weeks. Except the emails were not from Kroll, they were just phishing emails regarding my BlockFi and FTX claim. They're really, really good, though. It's kinda...

A frying pan scenario

18 Oct 2023 1 minute read 0 comments LeftFooted

You want the good news or bad news first? Good news is BlockFi, unlike FTX, isn't racking up millions of dollars in legal fees to pay John Ray III and his expensive team. The bad news is, BlockFi's bankruptcy is a bit of a joke. It always is, with...

FTX user recovered some of his funds with a bold move

9 Oct 2023 1 minute read 5 comments LeftFooted

"So when am I getting my money back?" That's the question FTX users have been asking. The answer, let's not kid ourselves, is complicated. And it's pretty ugly. That's why FTX user Bhagamshi Kannegundla made a bold decision. "On FTX I had almost 6...

BlockFi's withdrawal scheme is even DUMBER than I thought

6 Sep 2023 1 minute read 1 comment LeftFooted

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 'e...

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

6 Sep 2023 1 minute read 5 comments LeftFooted

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 Bloc...