BlockFi Receives Cease and Desist Order From New Jersey Attorney General
20 Jul, 2021•1 min read•Other
Crypto lending platform BlockFi has received an order from New Jersey’s acting attorney general (AG) to halt its Interest Account (BIA) operations in the state.
Having just assumed the position on Monday, Acting Attorney General Andrew Bruck appears to be setting the tone of his new role. It's also the latest for the embattled lender who, in May, incorrectly deposited and then tried to reverse excessive amounts of bitcoin to users’ accounts. BlockFi was also hit by an attacker spamming its platform with fake sign-ups and abusive language in March.