As FTX Contagion Spreads, More Custodians Expected to be at Risk: Withdraw Bitcoin to Self Custody ASAP

Due to FTX relationships throughout the industry many more custodians could be at risk. BlockFi which was bailed out by FTX earlier in the year has already halted withdrawals.

  • BlockFi which was bailed out by FTX earlier in the year has already halted withdrawals.
  • Due to FTX relationships throughout the industry many more custodians could be at risk. Ledn has already disclosed a relationship with FTX Founder SBF's trading firm Alameda.
  • Consider withdrawing bitcoin to self custody ASAP to avoid this risk.