To address concerns raised due to the actions of other platforms in our industry, we wanted to share the following:
1) BlockFi has no exposure to Celsius and we have never worked with them as a partner.
2) BlockFi does not hold any stETH principally or as collateral.
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3) BlockFi announced its intention to file or confidentially submit a draft registration statement on Form S-1 with the SEC relating to the offering of BlockFi Yield, a new crypto interest-bearing security that would be available to our US clients.
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4) For more information on BlockFi’s loan balances, please see this article, which is updated quarterly: spr.ly/6018zbgyn
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5) For more information on how BlockFi manages risk and security, please see this article:
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We continue to operate in our risk management framework allowing all products & services to operate normally. Clients continue to receive the same great service they have come to expect from BlockFi.
For further questions, contact our Client Service team:
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Hey there! If you're experiencing issues, feel free to send a DM to . They'll be happy to assist!
Awesome. Requested my bitcoin to be withdrawn today. Looking forward to a prompt transfer to my own wallet. Thanks for your services, BlockFi.
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If you guys do what Celsius did, I could just not pay my credit card bill to you guys, right?
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