Hello from Bitlend.io,
When we launched Bitlend.io last year we vowed to
make it a unique platform within the cryptocurrency
industry. As many of us involved in the crypto industry
know, it can change overnight, and in some cases
within hours.
Taking into consideration several market factors and
other internal analysis we have decided to suspend
Bitlend.io’s operations for the foreseeable future.
New registrations have been suspended and all
verifications will be closed out. All Personally
Identifiable Information (PII) will be secured and/or
destroyed following the shutdown to protect the
documents and trust that our verified borrowers
placed with us.
What this means for you:
*All Users:* Do not deposit any further BTC into your
Bitlend.io wallet.
*Users with funds in their balance:* You will need to
withdraw them immediately. Please note that during the
wind down phase we will be manually processing all
transactions so they may take additional time to
complete.
*Borrowers with funded and active loans:* Your loans
are still in effect and the repayment schedule and
amount remains unchanged.
*Borrowers without active or funded loans:* No action
is required beyond withdrawing any balance you may
have on the system. Open loan requests will
automatically expire and close.
We would again like to thank everybody who joined us
at Bitlend.io for their support and business. We hope
to see all of you again in the future.
If you have any questions please contact
support@bitlend.io .
Regards,
The Bitlend.io Team
