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Finblox Raises Withdrawal Limit, Explores Legal Action Against Three Arrows Capital

CoinDesk LogoCoinDesk1 mo ago

Finblox Raises Withdrawal Limit, Explores Legal Action Against Three Arrows Capital

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Cryptocurrency staking and yield generation platform Finblox increased a $1,500 cap on withdrawals as it deals with the fallout from its exposure to Three Arrow Capital.

Oliver Knight is a CoinDesk reporter based between London and Lisbon.

Cryptocurrency staking platform Finblox raised its daily withdrawal cap to $3,000 with an additional increase to $50,000 planned next week for verified users, a spokesperson told CoinDesk via email.


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Article Details

Author / Journalist: Oliver Knight

Category: Crypto

Topics: Liquidations Lending Three Arrows Capital

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 11:38:40

News Timezone: GMT -5:00

News Source URL: coindesk.com

Language: English

Reading Time: 3 minutes read

Article Length: 458 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 24992

View Article Analysis

About CoinDesk

CoinDesk Logo

Main Topics: Crypto

Official Website: coindesk.com

Update Frequency: 24 posts per day

Year Established: 2013

Headquarters: United States

News Last Updated: 11h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #8

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