Three Arrows Capital Invested Yield App Finblox to Pause Reward Distributions and Lower Withdrawal Limits

According to yield app Finblox, Three Arrows Capital is its investor and prominent institutional borrower. It has been cooperating with 8 partners and protocols, including Three Arrows Capital, to generate yields and spread the risk as evenly as possible. Finblox has decided to take the following actions while pursuing all available options to evaluate the effect of Three Arrows Capital on the liquidity, and ensure fair treatment of all user assets in the system: 1. Pause reward distributions on the Finblox platform for all users 2. Change withdrawal limits ($500 per day and up to $1,500 equivalent per month) for all levels of users 3. Delay referral programs and deposit rewards 4. Disable creation of crypto addresses for newly registered users Previously, Finblox closed a $3.9 million seed funding round in March with participation from Three Arrows Capital, Sequoia India, and others.