BlockFi Mistakenly Rewards Users With “Couple Hundred” Bitcoin

BlockFi Mistakenly Rewards Users With “Couple Hundred” Bitcoin

Cryptocurrency lending platform BlockFi has mistakenly awarded a “couple hundred” bitcoin to users in botched promotional giveaways.Cryptocurrency lending platform BlockFi accidentally deposited significant amounts of bitcoin into users’ accounts while apparently intending to deposit less valuable amounts of a USD stablecoin as part of a promotional rewards program, according to users on Reddit.In a message on BlockFi’s subreddit, a company spokesperson described the large BTC bonuses as mistakes in its promotional payouts.“On May 17, 2021, fewer than 100 clients were incorrectly credited....


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Just under 100 BlockFi users are reported to be affected, with some allegedly receiving as many as 700 Bitcoin due to a mishandled promotional offer. Crypto promotional schemes are old hat in the industry, with many businesses trying to secure customer loyalty through a range of perks and mini handouts.For BlockFi, however, its latest promotional offer has gone topsy turvy, after the platform mistakenly paid out oversized rewards in Bitcoin (BTC). One BlockFi user allegedly received a staggering 701.4 BTC on May 14.Under the terms of the original giveaway, BlockFi had offered Bitcoin....

Blockfi Messes up Promo Payments: Transfers up to 700 Bitcoin Mistakenly

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