The founder said he had paid for errors in Bitcoin instead of US dollars and was trying to resolve the issue, but other recipients had already withdrawn the money before the company could repay it.
BlockFi Inc., the founder of the crypto lender, mistakenly sent Bitcoin users as part of the upgrade and is trying to recover it.
The company created what it calls advertising fees in Bitcoin instead of US dollars for other customers. Although BlockFi worked to recover, several recipients withdrew the money before the company reimbursed. (It was less than 100, the company said.) The company’s visibility is about $ 10 million, though the cost is declining as more users return the money, says Zac Prince, co-founder and CEO of BlockFi.
“BlockFi has lost stocks as part of its accounting rules and is part of a database that has already been damaged – so it doesn’t have any negative consequences or platform management,” Prince wrote via email. “The issue that led to their dismissal has been resolved and further steps have been taken to prevent such damage in the future.”
The faulty systems did not affect BlockFi’s performance and the company was reducing its sales volume without interruption, he added.
Meanwhile, views on the site circulated on television, with one Tweet showing a share of 700 Bitcoin. Despite the sharp decline this week, each currency sells for about $ 34,000 Wednesday.
Last week, BlockFi sent a message that some of the promoters “could see the wrong bonus payments shown in their history.”
Some customers who have been involved in the March business may see incorrect bonus payments reflected in their history. Our team is planning and its funding is on display soon.
– BlockFi (@BlockFi) May 15, 2021
Meanwhile, the company’s e-mail contact affected users asking for a refund.
Am I right in thinking that BlockFi was supposed to send $ 701 but sent this person 701 Bitcoin? 😬 pic.twitter.com/hlFtckSWyA
– Ric Burton 🇬🇧 ‣ 🇺🇸 🦇🔊 (@ricburton) May 19, 2021
BlockFi, perhaps the company that does not use the most transparent bank, offers a number of cryptocurrencies, including lending and lending and has cryptocurrency trading platforms. It looked good as it grew in recent months at a cracked crypto market meeting this week.
The crypto company’s database reminds the $ 500 million Citigroup Inc. Mistakes last summer when it accidentally sent a group of lenders.
“As a stand-up, it was just,” said Mike Loukas, senior at TrueMark Investments, referring to BlockFi. “We see it with banks always in dollars. But because it is an immovable object, the defect is magnified. ”