$87,189.00
2.31%$1,634.16
1.08%$2.11
1.28%$603.14
1.54%$139.91
-1.01%$0.999991
0.00%$0.159982
0.64%$0.244554
0.62%$0.637515
0.79%$1,633.13
1.10%$87,135.00
2.41%$9.41
0.75%$13.48
3.08%$19.89
-0.20%$0.250247
1.52%$3.02
0.86%$0.00001264
2.21%$0.99982
0.00%$0.170577
2.46%$2.21
1.78%$1,961.08
1.27%$338.66
-0.76%$18.04
-1.95%$78.70
2.55%$3.90
-0.59%$4.56
-0.74%$1.002
0.27%$0.999328
0.01%$1,634.29
1.33%$0.637375
-2.10%$28.16
0.54%$216.09
-1.07%$1,740.61
1.28%$87,207.00
2.37%$0.00000779
3.28%$5.40
1.04%$5.12
4.40%$51.02
0.44%$23.06
1.70%$320.34
7.84%$0.870721
1.52%$2.27
3.22%$32.75
-2.23%$1.048
0.02%$1.00
0.00%$16.19
2.08%$4.92
-0.41%$4.46
1.62%$0.083866
0.57%$0.666484
-0.79%$143.74
0.31%$1.17
0.00%$0.02402539
1.03%$0.078416
0.10%$4.21
-0.64%$4.23
-0.01%$87,114.00
2.61%$2.66
1.18%$0.197407
1.88%$0.19245
0.62%$8.33
-0.50%$0.293871
1.08%$0.998566
-0.13%$0.606177
6.27%$2.54
0.29%$0.480452
0.87%$0.30904
1.11%$3.92
-0.20%$87,056.00
2.25%$10.00
-0.41%$0.722434
1.75%$146.30
-0.83%$1,393.60
1.22%$0.395951
-1.42%$0.071553
-0.43%$0.700574
9.71%$1.047
1.58%$0.0164948
-1.27%$3.74
-4.49%$0.781905
2.74%$1,637.72
1.35%$0.65256
2.19%$67.35
1.73%$0.00001253
-1.24%$1,702.37
1.24%$0.999953
0.02%$0.898185
3.03%$0.175034
0.08%$15.34
2.13%$1.00
0.00%$0.475724
-0.72%$1.002
0.18%$8.64
1.39%$3,399.32
1.50%$0.999801
-0.00%$0.610964
-1.05%$0.083827
0.74%$1,841.17
1.31%$604.14
1.69%$3,394.84
1.42%$86,194.00
2.63%$0.01484584
-3.80%$87,149.00
2.26%$0.01576592
1.06%$154.26
-1.04%$0.998112
0.03%$0.679215
-0.92%$0.274753
2.31%$0.662459
-1.51%$0.734876
1.80%$2.25
-1.19%$179.98
-0.92%$1,737.16
1.13%$0.999298
0.06%$3.44
-1.72%$0.166969
-0.73%$0.103992
1.37%$0.00000061
0.50%$0.0180702
-1.51%$1.11
0.51%$0.375445
0.84%$2.00
1.26%$29.07
0.56%$86,992.00
2.37%$0.0000594
0.93%$0.305603
5.09%$0.225902
-3.60%$0.433812
0.33%$1.68
-1.47%$3.28
2.40%$0.505573
-0.56%$0.144316
-0.65%$1,708.95
1.25%$0.529831
-12.45%$31.47
-1.39%$86,307.00
5.53%$0.00541553
18.26%$14.93
2.13%$0.998214
0.00%$0.066407
-0.29%$0.999921
-0.01%$1.71
-1.82%$0.601492
0.96%$0.999991
-0.00%$0.41946
-0.22%$88,348.00
-0.08%$2.14
-4.66%$87,066.00
2.18%$0.438799
0.54%$1.23
3.59%$0.00000043
1.31%$0.00743928
0.40%$1,705.72
1.12%$0.160344
0.97%$0.439574
0.49%$0.00002063
0.69%$1.084
0.01%$0.998796
-0.07%$14.30
-3.54%$5.62
-1.44%$87,213.00
2.76%$0.135346
0.66%$110.75
0.00%$1,633.38
1.32%$0.588479
0.17%$0.47275
1.36%$3.43
-0.68%$2.33
-1.46%$0.07144
-0.46%$1,633.26
1.04%$22.27
-1.45%$40.75
0.36%$1.00
0.03%$0.03769137
-0.64%$5.49
-2.68%$0.03622683
-4.50%$1,635.35
1.16%$1,631.83
1.00%$1,737.71
1.07%$0.077431
3.46%$1.00
-0.02%$0.999188
-0.02%$0.00645389
0.92%$0.00006217
2.89%$0.168664
0.40%$0.192695
0.87%$0.414036
1.21%$0.126991
1.43%$0.281035
2.20%$0.00517067
1.59%$0.0168821
0.74%$0.77765
0.69%$1.001
0.05%$1.00
0.01%$0.507453
0.44%$0.00371941
3.96%$2.65
164.50%$0.03093804
0.43%$0.718882
2.23%$0.999617
0.00%$1,648.59
1.06%$0.139992
5.98%$0.999741
-0.01%$0.302472
-0.65%$2.56
-1.36%$108.38
-0.51%$86,964.00
2.07%$0.00000134
-1.78%$3,232.49
0.00%$87,987.00
3.49%$0.217689
-0.74%$0.265123
-2.35%$1.066
-0.09%$21.37
0.03%$1,614.66
1.38%$2.76
-0.26%$23.64
1.40%$3.22
-3.42%$0.261316
-0.97%$0.03660444
-3.46%$0.564025
0.50%$0.551556
-0.15%$0.00040888
4.71%$0.999701
-0.02%$1,632.81
1.05%$0.175789
-0.14%$0.999875
-0.03%$0.104852
0.96%$1,727.63
1.10%$0.479107
1.91%$1,750.72
2.30%$0.02777211
-0.59%$0.01187426
-0.71%$19.88
-0.22%$0.410545
-3.52%$0.00261721
-4.91%$3.57
2.96%$13.91
1.82%$1.38
9.62%$0.089158
4.05%$0.655396
-0.27%$1.15
0.98%$0.928108
-2.25%$2.09
-1.96%$1.00
0.04%$87,235.00
2.55%$0.00246554
0.53%$2.67
18.49%Reading
Crypto lending platform BlockFi has confirmed in a statement posted to Reddit that it mistakenly deposited large amounts of Bitcoin to user accounts.
The firm said that the blunder is “likely” related to an ongoing promo campaign that started in March. It offers eligible participants a bonus payment delivered “in one lump sum in GUSD,” a 1:1 dollar-backed stablecoin built by cryptocurrency exchange Gemini.
Instead, some users were paid the amounts in Bitcoin (BTC), with one poster on Reddit claiming that they had been credited with over 700 BTC, or more than $25 million at current prices.
In a post on Reddit, BlockFi explained, “On May 17, 2021, fewer than 100 clients were incorrectly credited with cryptocurrency associated with a promotional payout that did not belong to them.”
BlockFi said the company has contacted the users who were credited with excessive amounts in Bitcoin and is now “working with them to rectify the issue.” The firm insists that “client funds are not impacted and are safeguarded.”
The screwup "does not affect any of BlockFi’s ongoing operations and measures have been taken to ensure that an error like this will not be possible in the future,” said the company’s representative, adding that as of Q1 2021 BlockFi’s publicly reported amount of assets under management was $15 billion.
Bitcoin lending firm BlockFi has raised $350 million in its largest funding round to date, according to a press release. The Series D fundraising round will help the firm to continue its core product offerings of high interest earning accounts. New investors led this wave of funding, namely asset management firm Bain Capital Ventures, partners of investment firm DST Global, Pomp Investments—owned by Morgan Creek Digital partner Anthony Pompliano—and investment firm Tiger Global. The round follow...
The situation, however, seems to be more complicated than just May 17, with users reporting instances of incorrect crediting on earlier occasions as well. On May 15, BlockFi tweeted that there was an issue with “inaccurate bonus displayed” on accounts of some users who participated in the promo campaign.
Some clients who participated in the March trading promotion may see an inaccurate bonus payment displayed in their transaction history. Our team is working on a fix and the proper amounts will be reflected shortly.
— BlockFi (@BlockFi) May 15, 2021
Some BlockFi customers have claimed that the company has threatened legal action if they don’t return the money. One affected client took to Reddit to claim that BlockFi “made those BTC and GUSD deposits to peoples accounts when they should not have. They reversed the BTC deposit and not the GUSD in mine as of yet. I didn't touch those anyway.”
The user claimed that two days after the platform’s accidental crediting of his account, he withdrew USDC which he had deposited a month earlier on a "completely unrelated" occasion. “Now they send me an email accusing me of withdrawing funds that aren't mine saying its fraud and a crime they will act on if not returned in the next 2 hours,” he fumed on Reddit.
There are also reports that BlockFi is offering a reward for the return of funds, with bounties ranging from $500 to $1,000.
Found on Reddit. They're offering mass rewards for the return of funds ($500-$1k) as well as threatening criminal actions. pic.twitter.com/LZUoIlF5Js
— James ☂️ Lawblock ⚔ 🟩 (@JamesLawblock) May 19, 2021
Established in 2017 and headquartered in New York, BlockFi raised $350 million in a Series D funding round earlier this year. It was the firm’s largest round to date, and reportedly valued the company at $3 billion.
Decrypt has reached out to BlockFi for further comment and will update the story accordingly.
Asset manager HashKey Capital has introduced a fund tracking the performance of XRP in Asia, with the aim of fostering institutional adoption in the region for the token that is used for transactions in the Ripple network. The HashKey XRP Tracker Fund became available on Friday to institutional investors in Asia. The fund marks the first of several planned collaborations between HashKey Capital and Ripple Labs. XRP is the fourth largest cryptocurrency by market capitalization, with a total valu...
Armed with fake Zoom calls, stolen identities, and malware, North Korea’s Lazarus Group has allegedly expanded its crypto infiltration strategy, and the industry is starting to feel it. Kenny Li, co-founder of Ethereum layer-2 project Manta Network, said he was “targeted” in an elaborate Zoom phishing attempt by Lazarus Group in a tweet Thursday. 🚨 Just got targeted by Lazarus. A known contact on TG reached out to me to ask for a chat. Scheduled a Zoom call. When I got on the Zoom, it asked m...
Asset manager VanEck has received approval from the U.S. Securities and Exchange Commission to list an exchange-traded fund tracking blockchain infrastructure builders and related assets. The fund, called the Onchain Economy ETF, has a tentative debut of May 14, VanEck Head of Digital Assets Research Matthew Sigel said Thursday in a social media post. Boasting the ticker $NODE, the investment vehicle will aim to hold between 30 and 60 assets linked to the blockchain economy. “The global econo...
