Update: Withdrawal has been successful.
I humbly accept all the downvotes from BlockFi’s shills and the weirdos who don’t read the news before assuming this is a conspiracy thread.
Every major outlet has reported the same news including BlockFi themselves. If you can’t read I can’t help you.
This post is to alert more folks that BlockFi may be suffering a liquidity crisis m and to clarify that I just had my withdrawal erroneously delayed despite having done BockFi KYC / security checks multiple times including within the last month.
After using 5 factors of authentication, including device based 2FA, two email confirmations, password, device fingerprinting, a previously used wallet address, no VPN… BlockFi has informed me that they need a live biometric (second time this month) and that they will require three additional business days to process the biometric before they start the week wait to process the withdrawal.
I’m finished with BlockFi for good and I encourage anyone else to read the news and make their own decision.
Inb4 “you’re doing this out of self interest”. A run on BlockFi could cost me 5-6 digits. People deserve to know before they get ripped.
Edit - to the people asking me to link. This is literally every link if you google BlockFi and look under news. It’s been trending in Reddit’s top news for days. Why do you want me to pick who you hear it from? Choose your favorite source including BlockFi themselves
Edit - I’ve reevaluated. I still want you to do your own sourcing but here’s the Forbes article incase you have a compelling reason not to:
I'm not sure on how to describe this, its been over a week and support has been ignoring all my messages. I currently have some family emergencies and im in a desperate need for that money. I feel so hopeless & unsure on what to do. This is literally what my conversation with support looks like:
I've been a smoke for 12 years. Started in AIT, spring of 09. It followed me through the rest of my time in the Army, two stints in college, three cross-country moves, and now I am working to quit. The antidepressants help, got me down to about half a pack a day. I just went to the VA the other day to get patches and gum. The rest of my life doesn't help.
I've been unemployed for months. Moved to the PNW after making some seriously bad decisions (I listened to the wrong people, who are now out of my life). Gave up my apartment for a closet in their garage. My truck died a while ago, been using a bicycle and borrowed cars to get where I need to. The VA took away my disability pay to recoup the separation check that I got in '15. In short, I'm trying to rebuild my life and functionally have nothing but their generosity. Otherwise I'd be just another homeless vet.
So, one of my roommates has been allowing me to borrow her card and get smokes every few days. I have always asked for her permission, gotten her and her kids things, and generally done my best to help. I've sanded the back deck, moved a bunch of shit for them, assisted with meal prep and other chores, provided a shoulder to cry on and the best advice I can. Most importantly I have promised to pay them back for everything they've done for me, mostly for my own conscience and to give them a tangible bit of gratitude.
Pretty much the only thing that ai have to do is smoke and live in my head. Cutting down to half a pack a day is huge for me, especially given the other stresses that I already live with (losing large parts of my identity, self-worth, self-respect, body image issues, loneliness, being estranged from my family, the works). At some point in the last couple days, my roommates decided to just not support my soon-to-end habit anymore. And not tell me until after I ran out and was holding off from asking as best as I could.
I'll admit that I am deeply biased, but I need a sanity check. To me this feels cruel. Withdrawal is fucking awful, and the betrayal of them just not telling me about a decision that effects me like this. I need a sanity check, if I'm wrong on this and to what extent.
I know they have been very generous up to this point, but am I the asshole for wanting this?
Manfra, Tordella and Brookes - 600,000 oz OUT OF THE VAULT
International Depository Services of Delaware - 250,000 oz OUT OF THE VAULT
CNT Depository - 700,000 oz OUT OF THE VAULT
Brinks 600,000 oz OUT OF THE VAULT
And JP Morgan rides in on their little pony to save the day ... with nothing!!! Empty saddle bags once again!
Now 41,700,0000 oz OUT OF THE VAULT since the start of the squeeze.
Binance.com Case ID: #71559699
My account has been suspended withdrawal for over A MONTH.
Despite trying to reach out to them for all that time through twitter, binance support chat, reddit, etc... but got NO RESPOND!!!
I wonder if Binance even have support team anymore when they are locking my account withdrawal without any reasons and don't even bother to check with me.
I need my money for work and I CAN NOT REACH THE BINANCE SUPPORT TEAM
Help me upvote this post so They can see my case and forced to respond. I have been receiving silent treatment for A MONTH!
UPDATE #1: Thanks to your upvotes, yesterday I was contacted by a Binance rep via live chat. They say my case had been escalated to Security and ask me to kindly wait for roughly 12hrs, my case is once again being "review" just like the last time a month ago. 14hrs later I am talking to a bot.
UPDATE #2: And our voices had been heard! After days and days trying everything I can to reach Binance, reddit and it's user had helped me to be able to USE MY ACCOUNT NORMALLY again.
With that, I'm officially closing my case.
That new ape that just got off the arriving airplane, the one who was number 80,000 ... just so you know, we always shout OUT OF THE VAULT!
MTB, 600,000 oz OUT OF THE VAULT
Brinks, 300,000 OUT OF THE VAULT
Some offset by Delaware Depositories, 300,000 into the vault
I've been showing plots of comex registered juxtaposed to PSLV. Here is a plot of comex TOTAL (registered plus eligible). Note that the scales are offset, but each chart division is 10 million oz for each curve.
Note that there is an near mirror image of those two curves. Probably just a coincidence.
Well, well. If I play with the numbers ... if I plot the decrease in comex total inventory and the increase in PSLV since the start of the squeeze, and shift comex by 5 weeks. This is what it looks like. What a coincidence!!!
Yes, we all know that PSLV doesn't deal in paper silver. So they aren't "draining" the comex. Yep, yep ... it ain't happening like that. This plot is just an odd coincidence.
But then those folks who own bars gathering dust, sitting around 9 privately owned vaults that happen to be comex approved vaults ... well, those folks COULD remove their bars and do whatever they want with them. Just sayin'. But it's all a coincidence. Yep.
And the Rampage Report:
Always on GAB:
Banned on twitter ... apparently for making fun of JP Morgan riding on a little pony.
Dear NiceHash users!
The issue with Coinbase free withdrawals has finally been resolved! Coinbase has now upped the API limit one hundred times more, to 1 million/hour instead of 10,000/hour. We are delighted to be able to continue with this service, and thank you for your patience in resolving the matter!
(Please note that withdrawals may take a little longer than before due to higher volumes)
Thank you for your support!
Your NiceHash team
Dear NiceHash users,
Withdrawals will be re-enabled slowly during the day, your funds are safe, but please expect delays as we resume! Many people will be attempting to withdraw at the same time and we will be making extra checks during this process to scan for any malicious activity. This will cause delays and so it may take longer than usual to receive your funds.
We will be releasing more information about the incident once the external security audit has been completed. This is an ongoing process and may take some time, but we will provide a transparent report once it has been fully assessed.
User funds and data are safe and unaffected. The NiceHash security team successfully mitigated this attempted intrusion.
Thank you for understanding
Your NiceHash team
I find it pretty crazy that we live in a society that vilifies taking naps, but instead condones people needing to be hooked on a stimulant to make it through the day.
Most of my life until my 20s, I didn’t drink really any caffeine…not even soda. I functioned just fine. That all changed when I landed a more serious corporate job that required early wake ups.
The issue began when they installed one of those fancy Starbucks vending machines about 20 feet from my desk…the ones that have the big bean hoppers on top, and brew a fresh cup in a couple minutes…and it was totally free.
I started drinking a cup of half-cafe in the AM just to give me a little boost. That quickly lead to having to add a second cup mid day to keep me going.
The more I drank, the more my tolerance built. Pretty soon whenever I needed a quick break, I’d find myself gravitating towards the vending machine. 2 cups became 3. Which became 4, then 5.
It got to the point where if I didn’t “feed the caffeine meter” at regular intervals, I’d start experiencing immediate withdrawal effects. Usually in the form of the shakes, headaches, and gastrointestinal distress.
Eventually I switched from half cafe to full dark roasts. I had to drink coffee pretty constantly to not feel like shit.
After several months, I found my personality changing…I becoming more easily agitated, anxious, and altogether unstable. I was completely dependent on caffeine.
Eventually I realized I had a problem, and decided to take a break from it to reset my tolerance. I tried stopping cold Turkey…bad mistake. Within a day the withdrawal effects kicked in. After 2 days they became severe. I was getting brain zaps and tremors. I could barely concentrate. I felt exhausted and depressed. Extreme gastrointestinal issues. I was so sick eventually had to call out of work.
When I didn’t feel back to normal after a week, I caved and began drinking coffee again. I had to very slowly taper down over the course of a month until I could ween off completely.
These days I significantly control my caffeine intake. Anything more than a cup of Black tea is overkill. I’m a lot more even-tempered and less jittery. I can make it through the day just fine.
I’ve heard countless other stories like mine. Society treats caffeine addiction as a joke. I know people who need to go through liters of coffee every day just to stay semi functional. I know people who spend thousands on buying from coffee shops every day. I know people... keep reading on reddit ➡
Blockfi messed up. They made those BTC and GUSD deposits to peoples accounts when they should not have. They reversed the BTC deposit and not the GUSD in mine as of yet. I didn't touch those anyway.
2 days after their blunder, I made a withdrawal of USDC which I had deposited a month earlier. Completely unrelated to their claim.
Now they send me an email accusing me of withdrawing funds that aren't mine saying its fraud and a crime they will act on if not returned in the next 2 hours.
Fuck you, it's my money. They can't even look through the records to verify what they are talking about. My account with them is only one month old. It's easy to see what went on.
Great way to treat a new customer.
Seriously, I see posts every day about how people are spending crazy amounts in fees trying to withdraw off Binance, Coinbase, etc. Gemini literally pays this for you 10 times each month.
I've saved literally hundreds of dollars using Gemini instead of other exchanges to buy BTC and ETH. Sure, Gemini doesn't have the greatest coin selection, but that doesn't mean you should lose a significant percentage of your trades to withdrawal fees on blue-chip crypto in the space.
Gemini has an active trader platform (although not available on mobile), that has trading fees starting at 0.35%, which is a better rate than Coinbase pro. It's not as good as Binance's trading fees, but what's the point of you're going to spend a bigger percentage on withdrawal fees?
Want to buy shitcoins? Buy BTC/ETH off Gemini, then use the free withdrawals to transfer to another exchange like Binance or KuCoin or something.
Don't spend more in fees than you have to!
[Edit] After my initial outrage folks were cool enough to explain that the fees I saw were for the exchange and not the app. Americans apparently can't use the exchange, so we're stuck with 50 unless we convert. I don't absolutely hate CDC but I'll probably only deal with CB Pro or similar exchanges from here on out. Lesson learned.
I know how everybody here feels about DOGE but I got a fuck around amount sitting on crypto.com and wanted to transfer it over to my CB Pro account to keep everything tidy.
These crooks just raised the fee for withdrawals from 10 to 50 DOGE. 10 ain't no biggie, but with a fuck around amount 50 is like a 25% fee for moving my coin out of their wallet. I'll be cashing out soon and moving away from that scam of a site.
They still have the withdrawal fee listed at 10 on their website which makes this all the more infuriating.
half hour later the restless leg syndrome stopped the random crying and pain also went away...4 hours later my legs are shaking again and I’m sweating and my eyes won’t stop watering I took another Gabapentin and the other half of the klonopin I feel a lot better again I’m able to relax and watch tv I feel really chill Then I’m going to take my mirtazphine hopefully it knocks me out
This is the Day 9 and Day 10 megathread.
David's news summary covers the events in detail:
==> May/21/2021: (1) Border demarcation: facts, myths, & opinions (2) Putin's office criticizes Armenian opposition's leaking of doc (3) Border mayor: Azeris were chased out after provocation (4) VOMA interview (5) Politics: Levon & "uneducated" voters (5) Privet Rob (6) UENSCO in Artsakh (7) Heatwave
Naomi Osaka, after being threatened with expulsion and disqualification from all future GS matches, has decided to withdraw from the RG open. /r/news reacts calmly to this statement.
Previous thread in /r/tennis here for those wanting double drama.
One redditor has really chosen to die on the hill that pressers are hyper essential to the sport. Their theory on why Osaka wanted to withdraw? Competitive edge. Drama Ensues.
People debate whether or not being asked if one is only compared to Serena "because you're black" is an insult.
One fan asks to only watch interviews of people who want to give them. Other people disagree: "You're ducking out of your responsibilities" "You're just jealous because you can't say no to bullshit too".
Subthread select on a discussion about tournament fines
A lot of APIs set limits on how many requests users can make. This is because too many requests can overload the servers handling the requests. There is nothing unreasonable about this.
Now, it isn't entirely clear what the underlying issue is between NiceHash and Coinbase. But from what has been communicated from official channels, it looks like NH is bumping up against this type of limit.
NH has options for dealing with this limit that don't require suspending withdrawals. NH would just need to find a way of limiting the rate at which NH users request withdrawals. Increasing the minimum withdrawal amount would reduce the rate. Capping the number of withdrawals a user can make in a given amount of time would reduce the rate. Even if NH doesn't want to implement these restrictions, they could just keep withdrawals API limited and inform NH users that withdrawal rates are limited by the API, and so during peak withdrawal times, withdrawals will be substantially delayed. These are obvious solutions that don't require suspending withdrawals at all. Users could still opt to avoid these restrictions by doing what all users are required to do now, which is send the coin to somewhere else.
Given these solutions, what is unclear is why NH actually suspended withdrawals. What is clear is that there is nothing in NH's reasoning for suspending CB withdrawals that actually justifies suspending CB withdrawals. So either NH's explanation is incomplete or they aren't being entirely forthright.
For those who haven't transferred, it's not too late otherwise post squeeze this is what you'll have to deal with to get your hard-earned cash:
$.1 million = 2 days
$1 million = 20 days
$10 million = 200 days
$100 million = 2000 days (5.4 years)
$1,000 million = 20000 days (54 years)
Dear NiceHash users!
Withdrawals are re-enabled again, but please expect delays in addition to normal blockchain traffic of at least a couple of hours on transactions. Over the next few days, we will be checking all withdrawals to monitor for any suspicious activity.
We thank you for your patience over the last few days, and our team has been working non-stop to ensure we could resume as quickly as it was safe to do so.
A full and transparent report will be available from the earlier incident, once we have completed our external security auditing, and we will continue to update on the situation.
Thank you for your support!
Your NiceHash team