RE: BlockFi goes Bankrupt as SMSF suffer heavy losses
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Not your keys, not your crypto. It's not safe on any exchange. From what I see, I think Blockfi investors are screwed out of their money. I think they have like 250million and a lot of that is going to go away in legal fees. The assets are worth 1 billion but we can probably expect nothing from it because those assets were probably linked to FTX/Alameda and the liabilities is between 1 billion to 10 billion.
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Yup, it is a shame and a key reason why many people are leaving the sector at the moment.