BlockFi Halts Withdrawals: Appears Insolvent as FTX Contagion Spreads
"Given the lack of clarity on the status of FTX.com, FTC US, and Alameda, we are not able to operate business as usual."
![BlockFi Halts Withdrawals: Appears Insolvent as FTX Contagion Spreads](/content/images/size/w1200/2022/11/blockfi-1.webp)
- BlockFi bailed out FTX earlier this year. Current expectations point to both FTX and BlockFi going bankrupt.
— BlockFi (@BlockFi) November 11, 2022