Blockfi interest accounts - can no longer add money/crypto to it

So I just received an email from blockfi stating we can no longer add money or crypto to our BIA accounts. This is a real bummer and hopefully they get it sorted with the SEC.

Who else is offering crypto or stable Coin interest accounts?

@VoskCoin this might be worth a little vid about, and alternatives.

Here’s the statement from blockfi

There is A new product coming when the SEC approves it… some day.

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I got that too, I wish the SEC would lay off of crypto, glad I have enough to feel good about what’s in there but now I don’t wanna transfer it lol.

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If I read the letter correctly this is temporary until they get their yeild accounts approved.

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Yea this is over reach. Government works for the people, we don’t bow to them. They aren’t our mommies and daddies… You wanna throw money in a hole… Why do they have the power to tell you you can’t… They know the little guys gunna have more money then then one day and they are running scared!

Considering jumping ship if their government approved accounts aren’t up to snuff with current offerings.

Nexo or Celsius or DeFi :smiling_imp:

Thanks
Doug

I am really angry about this development. On principle I’m pulling my crypto out of BlockFi. Any suggestions from @VoskCoin

NYT wrote about this, not sure if people saw:

I got the email too. Pretty upset.

Do you know if the crypto I already have in my BIA will keep earning more BTC or no?

Hoping it all gets sorted out.

Yes until the next system they will use is deployed.

If you move the funds out you can’t put it back in

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