Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Bitcoin Forum => Topic started by: Jaya60 on May 31, 2021, 10:21:29 AM
-
BlockFi offers huge interest rates on crypto deposits—if customers can stomach the risk. A recent promotion gone wrong has given. On May 17, some customers of cryptocurrency lender BlockFi noticed something unusual: huge Bitcoin deposits in their accounts. These deposits—in one case more than 700 BTC according to a Reddit user (worth $29 million at the time)—were expensive mistakes that BlockFi later owned up to. In a promotional campaign gone wrong, the company had sent rewards denominated in Bitcoin, rather than in GUSD, a $1-pegged stablecoin created by the crypto exchange Gemini.
Because of its error, BlockFi has had to chase after customers who received the extra Bitcoin and has offered rewards of up to $1,000 for the return of its funds. As of May 19, BlockFi’s remaining exposure from the mistake was about 200 BTC, or $7.3 million.source (https://decrypt.co/71880/can-blockfi-be-trusted-with-your-bitcoin)
-
Seems Blockfi is pretty big and respected i have not come across any negative opinions about block fi bout to be sure i would recommending browsing forums and searching for negative opinions
-
So far, I don't use it. But as long as you have used it several times and get good reviews to be found from the other users, I am sure that it will be okay. However, we can see again the BlockFi may be a good idea to get secured things for Bitcoin. But, is this really no problem with this?
-
I think block-fi is trust worthy as long as they dont get hacked by some random hackers. Block fi is a reputable company and they are very well at serving their customers. But everyone makes mistakes and block fi is also not different from they also made some mistakes but i think they are still trustworthy for me. But i dont recommend keeping big fun on any platform as they can get hacked.