BlockFi Puts Client Loans Into Forbearance, Email Shows

Nov 23,2022
KingData News: Crypto lender BlockFi has put client loans into forbearance, according to a customer email viewed by The Block. "At this time, clients do not have the ability to post new funds to BlockFi," the email states. "As a result, we are putting your loan into administrative forbearance. Any amounts due, including interest and maturity payments, are placed on hold until further notice." The customer email said that the interest rate on BlockFi loans will be set to 0% with a starting date of Nov. 11, the email said, adding that "margin call requirements and auto liquidations at predefined loan-to-value levels are currently paused."
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