Cryptocurrency News

Finblox withdrawal restrictions trigger concerns from the community

06/17/2022

Less than a minute

2022.06.17 15:26

Finblox withdrawal restrictions trigger concerns from the community

Finblox, a crypto-staking platform backed by Three Arrows Capital (3AC) has paused reward distributions and tightened its withdrawal limits. Following this, community members expressed concerns over their assets, with some calling for transparency and bringing up decentralization.

In a tweet, Finblox announced that the firm is assessing the effects of 3AC’s situation on its liquidity. While the firm does this, it highlighted that it paused its reward distribution for all of its users and lowered its monthly withdrawal limit to 1,500 USD.

06/17/2022

Less than a minute

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