📢Crypto world, brace yourself! BlockFi is shutting shop & handing over the reins to Coinbase. Yes, you heard it right! After a financial hiccup & bankruptcy declaration, BlockFi is calling it quits. But don't panic, they've got a plan. 📝
Customers, mark your calendars! April 28, 2024, is the deadline to start moving your assets to Coinbase. Missed the deadline? Don't worry, Coinbase will handle the transfer & verification process. Phew! 😅
In a twist, BlockFi secured a whopping $250M settlement from FTX as part of its financial restructuring. This cash injection is a lifesaver, ensuring BlockFi can repay its stakeholders. Talk about a silver lining! 🌈
The BlockFi-Coinbase partnership is a game-changer, promising stability & seamless service delivery for BlockFi's clients. Coinbase will now be the guardian of your assets, boosting confidence in service continuity & asset protection.
So, what's your take on this crypto shake-up? Drop your thoughts below! #BlockFi #Coinbase #CryptoNews