Sonn Law Group is investigating potential claims against BlockFi after news that BlockFi has frozen customer withdrawals.
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“It’s an old-fashioned run on the bank in my opinion. But BlockFi’s decision to freeze customer withdrawals has apparently increased customer distrust of crypto exchanges, not increased trust,” said Jeff Sonn of Sonn Law Group, a nationally known securities firm.
“While we know that FTX provided a $250 million bailout to BlockFi, I’m starting to wonder if that bailout was in the form of FTX coins that have collapsed. We don’t know the answer, but customers are entitled to know,” added Sonn.
Sonn Law has been contacted by both FTX and BlockFi customers for legal help. For a free consultation, fill out the form below: