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Home»Opinion»Finblox withdrawal restrictions trigger concerns from the community By Cointelegraph

Finblox withdrawal restrictions trigger concerns from the community By Cointelegraph

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Finblox withdrawal restrictions trigger concerns from the community
Finblox withdrawal restrictions trigger concerns from the community

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.