Staking Platform Finblox Increases its Withdrawal Limit

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Staking platform Finblox increased the withdrawal limit for verified users to $3,000 per day ($30,000 per month) last July 1.

Finblox had previously lowered its withdrawal limits and banned new users from creating crypto addresses coinciding with BlockFi’s decision to liquidate some of the positions of hedge fund Three Arrows Capital (3AC).

Finblox is part of the 3AC investment portfolio. According to Blockdata, the project raised $3.9 million in total.

The platform will allow users who have passed the Verified Plus KYC verification to withdraw up to $50,000 per day starting tomorrow. However, the total amount should not exceed $500,000 per month.

Finblox has also relaunched the referral program and reward distribution.

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