blockfi lost bitcoin | BTCC Knowledge

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BTC -2.58% 69,738.56

BITCOIN -2.90% 0.01999

CRYPTO -2.50% 0.001189

What happened to BlockFi bitcoin?

The cryptocurrency exchange mistakenly deposited millions of dollars worth of Bitcoin to a small number of user accounts. It's currently trying to recover those funds. It all stems from a trading promo that BlockFi ran from March 18 through March 31.

How much is BlockFi (BTC) worth?

It's trading at about $38,000 at the time of writing this article, even with Bitcoin plummeting after a China bank crackdown. If BlockFi sent out 300 Bitcoin, that's $11.4 million at the current price. Find the best stock broker for you among these top picks.

Why did BlockFi deposit large amounts of crypto?

BlockFi, the crypto lending and trading business, mistakenly deposited large amounts of crypto to user accounts. The payments were associated with a promotion they were running, in which users would receive bonuses in USD stablecoins. The promotion was intended to be “paid out in one lump sum in GUSD” according to their website.

What's going on with BlockFi?

The cryptocurrency exchange mistakenly deposited millions of dollars worth of Bitcoin to a small number of user accounts. It's currently trying to recover those funds. It all stems from a trading promo that BlockFi ran from March 18 through March 31. Eligible users would receive a bonus on the crypto they traded during that time period.

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