When there’s a run on the bank, it’s not a bad idea to run.
Up until a couple weeks ago I was staking USDC on a few platforms, BlockFi included, to earn interest. When Celsius imploded, I pulled out of all of them. Apparently, I was not the only one. This market behavior drove BlockFi into the arms of FTX at a fire-sale price. I’m glad to see that they found a way out of this pickle and am also relieved to have acted fast. I feel like I dodged a bullet. | learn more