Finblox withdrawal restrictions trigger concerns from the community
Cointelegraph
Published Jun 17, 2022 06:44AM ET
Updated Jun 18, 2022 08:40AM ET
Finblox, a crypto-staking platform backed by Three Arrows Capital (3AC) has paused reward distributions and tightened its withdrawal limits. Following this, community members expressed concerns over their assets, with some calling for transparency and bringing up decentralization.
In a tweet, Finblox announced that the firm is assessing the effects of 3AC’s situation on its liquidity. While the firm does this, it highlighted, Finblox has paused its reward distribution for all of its users and lowered its monthly withdrawal limit to $1,500.
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Written By: Cointelegraph
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