BlockFi was one of the lenders that found itself in troubled waters following the crypto credit crisis. As forced selling and liquidity issues began to take a toll on investors, the industry, which was already buffeted by inflation and other macroeconomic agents, witnessed several companies, including Celsius and Voyager, go bankrupt.
The firm described the yield as “competitive,” offering rates on 15 different cryptocurrencies. Following the development, BlockFi Founder and COO Flori Marquez said,
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