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Blockfi Client Mistakenly Received Bitcoins Instead Of Gusd. The Company Wants To Return $ 28 Million

The Blockfi Crypto Lending Service Has Credited The Wrong Amounts To The Accounts Of Its Users And Is Now Trying To Return The Excess Payments, Writes Forbes .

The Problem Turned Out To Be Related To A Recent Promotion In Which Users Were Asked To Earn Bonuses In Dollar Stablecoins. It Was Assumed That Payments Would Be Made In Gusd, But Some Clients Received Bitcoins – One More Than 700 Btc Worth $ 28 Million At The Current Exchange Rate.

A Reddit User Reported That He Had Withdrawn The Received Cryptocurrency. The Company Now Threatens Him With Legal Action If He Does Not Return It, And Promises To Pay $ 500 If It Does.

“our Records Show That Your Account Is Still In Overdraft Due To Your Incorrect Withdrawal Of The Amount In Cryptocurrency That You Did Not Deposit And Earn In Blockfi. Please Immediately Transfer Your Last Withdrawal To Your Own Blockfi Account, ”the Company Writes, Adding That Such“ Fraudulent Activities ”are Not Allowed In The Terms Of Use Of Its Service.

At The Same Time, Some Users Have Reported Problems With The Withdrawal Of Funds And The Conclusion Of Transactions In Blockfi. One Of Them Claims That The Company Also Accuses Him Of Withdrawing Unreasonable Fees, Although He Only Contributed And Withdrawn His Own Usdc.

According To Another Client Who Withdrew The Received Cryptocurrency, He Thought That He Received A Bonus Under The Referral Program, Payments For Which Were Supposed To Be In Bitcoin.

He Also Stated That He Subsequently Realized The Error Of The Service And Tried To Cancel The Withdrawal, Which Was Registered As Canceling The Bonus Payment, But Still Received Bitcoins In His Cold Wallet. The Next Day, He Received A Call With A Proposal To Return The Cryptocurrency Under Threat Of Legal Prosecution. For The Inconvenience, The Company Agreed To Pay $ 1,000 In Gusd.

According To Blockfi, The Incorrect Crediting Of Deposits Has Occurred In The Accounts Of “Less Than 100 Customers”, And The Assets Of Other Users Are Not At Risk. The Company Recently Raised $ 350 Million And Is Likely To Have Funds To Settle With Users If It Fails To Get The Bitcoins Back.

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