Famend economist Nouriel Roubini, often known as Physician Doom, is named an opponent of cryptocurrencies after his predictions of the 2008 monetary disaster got here true. In a tweet at present, he criticized cryptocurrencies, particularly altcoins, referring to the information that Blockfils, a number one crypto lending platform, has suspended buyer withdrawals.
Roubini added a supply hyperlink to a Monetary Occasions article in regards to the incident to help his declare.
Physician Doom criticizes “cryptocurrency S Coinland” for blocking BlockFills withdrawals
In a current tweet, Nouriel Roubini commented on the present turmoil within the crypto market, the place billions of {dollars} have been worn out in liquidations and Bitcoin has risen from $90,000 to $60,000. Altcoins have fallen from 50% to 99% in a matter of weeks, he stated, “relying on how a lot S Coin you had been tricked into investing.”
Roubini gave an instance of the adverse results of such a pointy decline, saying it may very well be particularly painful within the crypto house. He talked about Susquehanna-backed crypto lender Blockfils, which has suspended crypto withdrawals for its clients. Susquehanna Worldwide Group is a privately held world buying and selling and know-how firm.
First, relying on the shitty coin you've been tricked into investing, you'll lose anyplace from 50%% to 99% in a number of weeks, and you then received't even be allowed to withdraw the remaining items of your funding. Commonplace Working Procedures for Cryptocurrency Shitcoinland.
Cryptocurrency supported by Susquehanna…
— Nouriel Roubini (@Nouriel) February 12, 2026
Past withdrawals, BlockFills additionally restricts buying and selling exercise, highlighting the current turmoil rocking the crypto market. Initially, BlockFills boasted a buying and selling quantity of $60 billion in 2025. Nevertheless, the plummeting worth of Bitcoin has been significantly exhausting hitting.
The aforementioned restrictions had been applied final 12 months and are nonetheless in place at present. The corporate's clients embody roughly 2,000 monetary establishments, together with asset administration firms and hedge funds specializing in cryptocurrencies. Solely traders holding no less than $10 million price of crypto property are eligible to make use of the choices product.
third anniversary since FTX crash
The final time a number of crypto firms suspended withdrawals (and went bankrupt) was three years in the past, when main crypto change FTX went bankrupt and its founder, billionaire Sam Bankman Fried, went to jail for defrauding traders. Earlier than that, in the summertime of 2022, a number of crypto financiers went bankrupt, together with Celius, Voyager, BlockFi, Vauld, and Genesis. On the time, the cryptocurrency market confronted a lack of practically 70% of its worth.
BlockFills has publicly commented on the present scenario, stating that the restrictions have been launched to guard clients and the corporate itself.
