Disclaimer : I only lend bitcoin on blockFi so this doesn't affect me.
Despite the fact that 2021 is a bull year for crypto, BlockFi still manages to stuff up big times.
Eth is expensive, we get it, however a 7 day notice + office shut down + white-listing does not really help boosting customer rating and confidence on BlockFi.
This really screw the small investors (e.g. lending 1 Link) up. Some people may suggest selling the coins. Not a bad idea but the market has pulled back a little and with the "spread" (aka fees) on blockfi they will have to exit the trade at a loss (or breakeven at best).
I know there are people saying "Eth is too expensive and the costs really add up for BF". True but I haven't heard of other platform having this issue or made a mess out of this. If you can't make a competitive offer, people will vote with their feet.
JUST PUSH THE DEADLINE TILL THE END OF YEAR !!! At least this gives time for customers to make a decision.
In just 1 year, BlockFi gives incorrect amount of BTC to customers, send out random "scammy" google forms asking for personal information and now this?
I don't know what is happening in the company but looks like the management team does not know what they are doing. I really like the simplicity and user friendly UI of BF but all these events are making me consider moving my coins elsewhere. You can't stuff up this much and expect customer to stay when there are so many competitors around making similar if not better offers (e.g. Celcius)
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