BlockFI Accountholders Prohibited from making Withdrawls

[cashorcharge]

With the news of the FTX Bankruptcy, BlockFI has announced they are prohibiting for an indeterminate amount of time going forward that rewards in your account cannot be withdrawn.  I hope no one let those balances get to high...

Accountholders or those stuck in their email distribution lists should have just received this message...

[Gmood1]

Welp, this email came in not long ago.

Dear Valued Cardholder,

In light of recent developments at BlockFi, which are beyond our control, we are writing to notify you that purchasing privileges on your BlockFi Rewards Visa® Signature Card are suspended until further notice. As a result, you will not be able to make purchases using your card. However, you will be able to view your transactions activity, download statements and make payments on any outstanding balance.

[Gmood1]

Looks like there's a bidding war for the credit card customers and accounts.

https://blockworks.co/news/binance-us-coinbase-curve-in-bidding-war-for-blockfi-credit-card-customer...

[cashorcharge]

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@Gmood1 wrote:

Looks like there's a bidding war for the credit card customers and accounts.

https://blockworks.co/news/binance-us-coinbase-curve-in-bidding-war-for-blockfi-credit-card-customer...

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I hope this resolves soon and in your favor.  I hadn't received that message...good luck!

UPDATE:

https://ficoforums.myfico.com/t5/Credit-in-the-News/Crypto-firm-BlockFi-files-for-bankruptcy-as-FTX-...