TechFlow news — On November 23, according to a customer email seen by The Block, crypto lending firm BlockFi has placed client loans on hold. The email stated that customers are currently unable to deposit new funds into BlockFi. "As a result, we have placed your loan into administrative forbearance. Any due payments, including interest and principal repayments, will be suspended until further notice."
BlockFi will set interest rates on loans to 0% starting from November 11, the email added, noting that margin calls and automatic liquidations based on predefined loan-to-value levels are currently paused. Customers will not be required to repay maturing loans, and loan delinquencies will not be reported to credit bureaus. Loan holders will incur no late fees for any missed payments. [Original link](https://www.theblock.co/post/189335/blockfi-puts-client-loans-into-forbearance-email-shows)
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