What measures is BlockFi taking to restore trust and confidence in the wake of the FTX collapse?

3 answers

• Simone CarminatiJul 22, 2021 · 4 years ago
  BlockFi is taking several measures to restore trust and confidence after the FTX collapse. Firstly, they are conducting a thorough internal review of their systems and processes to identify any vulnerabilities and ensure the highest level of security. Additionally, they are enhancing their customer support services to provide prompt and effective assistance to users. BlockFi is also actively engaging with the cryptocurrency community through transparent communication and regular updates to address concerns and provide reassurance. These efforts aim to rebuild trust and demonstrate their commitment to the safety and reliability of their platform.
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• QazplokJul 27, 2021 · 4 years ago
  After the FTX collapse, BlockFi is leaving no stone unturned in their efforts to restore trust and confidence. They have implemented stricter security protocols, including multi-factor authentication and advanced encryption methods, to safeguard user funds. BlockFi is also collaborating with reputable third-party auditors to conduct regular security audits and ensure compliance with industry standards. Moreover, they are actively working on enhancing their insurance coverage to provide additional protection for user assets. These proactive measures demonstrate BlockFi's dedication to restoring trust and maintaining a secure environment for cryptocurrency transactions.
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• MenushaJun 29, 2025 · 5 months ago
  As an industry leader, BlockFi understands the importance of trust and confidence in the wake of the FTX collapse. They have taken immediate action by implementing a comprehensive risk management framework that includes enhanced monitoring systems and robust internal controls. BlockFi is also working closely with regulatory authorities to ensure compliance with all applicable laws and regulations. By prioritizing transparency and accountability, BlockFi aims to rebuild trust among its users and the wider cryptocurrency community. They are committed to learning from past incidents and continuously improving their platform to provide a secure and reliable trading experience.
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