Case summary
What happened
Finblox offered custodial crypto yield, wallet and reward products. On 16 June 2022 it imposed severe withdrawal limits and paused rewards while assessing Three Arrows Capital exposure. It increased limits and restored selected rewards in July 2022. DL News later reported that Finblox planned to close services on 7 July 2025 based on company communications. FINBLOX LIMITED was dissolved in the United Kingdom on 3 March 2026. A surviving automated status page still reports systems as operational, so it is not treated as proof that the original customer yield service remains active.
Customer result
Customer outcome
Partial repayment
Stage 2 review changes the platform-wide outcome from `unknown` to `partial_repayment` because contemporaneous reporting documents actual selective repayments and Finblox's acknowledged test buyback scheme, while later closure reporting still records customers with unresolved losses. FBX debt conversion is not treated as cash or crypto repayment at par, individual full recoveries are not generalized to all users, and the 2026 UK-company dissolution is not evidence that all customer liabilities were resolved. No universal final recovery percentage or completed repayment date is established.
- Estimated recovery
- unknown; reviewed reporting establishes selective full recoveries and a buyback mechanism but not a uniform Finblox-wide recovery percentage
- Repayment started
- —
- Repayment completed
- —
- Confidence
- Medium
Asset treatment
Terms risk
Varies by product
Product-dependent classification follows Finblox's first-party custody explanation and does not establish one guaranteed recovery priority.
- Affected product
- Finblox Earn, Crypto Vault and other custodial balances
- Confidence
- High
Finblox stated that deposited assets used Fireblocks infrastructure and could be held in cold wallets or lent to borrowers for users who opted into Earn, so custody and risk treatment varied by product and use.
Known unknowns
Uncertainty
The 2021 launch date is year-level. The July 2025 closure date relies on reporting that cited company emails. The relationship between FINBLOX LIMITED and every operating entity or customer contract requires caution. Reviewed sources do not establish one final customer recovery result.
Chronology
Historical record
Finblox begins operating
Finblox launched as a custodial crypto yield and rewards platform.
Launch date is recorded at year-level.
Finblox restricts withdrawals and pauses rewards
Finblox imposed a $1,500 monthly withdrawal limit and paused rewards while assessing its exposure to Three Arrows Capital.
This was a severe restriction rather than a complete platform-wide withdrawal shutdown.
Finblox raises limits and restores selected rewards
Finblox increased withdrawal limits and restored reward functions for selected assets after its initial 3AC-related restrictions.
The partial restoration did not resolve all counterparty or customer-outcome questions.
Finblox uses FBX conversion and selective buybacks for affected balances
Finblox used a recovery approach that included converting affected customer debt into FBX tokens and a buyback programme; contemporaneous reporting documented several customers who received their deposited cash back while others continued to report unresolved losses.
The exact February 2023 start day is not established, so the event date is month-level represented as 2023-02-01. Selective full recoveries do not establish universal repayment, and FBX conversion is not treated as cash repayment at par.
Finblox services reported closed
Finblox was reported to have closed services on 7 July 2025 after telling users that changing market dynamics and decline of the CeFi staking model made continued operation impractical.
The closure date is based on reporting that cited company emails; no directly accessible first-party closure page was found.
FINBLOX LIMITED is dissolved
The United Kingdom corporate register recorded final dissolution of FINBLOX LIMITED following voluntary strike-off proceedings.
Corporate dissolution corroborates an ended operating state, but the exact relationship to all Finblox customer entities and contracts is not assumed.
Source record
Evidence dossier
Filter by claim, reliability, source type, and whether evidence is linked to a specific event.
customer outcome
2 sourcesCrypto investors cry foul as Finblox converts deposits to tokens to offset 3AC losses
DL News · 2023-05-31
Detailed contemporaneous reporting documents the FBX debt-conversion process, several customers who said they recovered deposits in full, and CEO Peter Hoang's statement that Finblox had run a test buyback scheme for some users. It also documents customers reporting unresolved losses. CYA therefore treats this as evidence of partial/selective recovery, not universal repayment.
Finblox shutters three years after losing millions of dollars worth of customer deposits
DL News · 2025-07-09
Later reporting at platform closure confirms that customer funds had been converted into FBX and that customers continued to report unrecovered losses. This supports a mixed/partial outcome and argues against treating earlier selective recoveries as universal completion.
end date
1 sourcesFinblox shutters after 3AC-related losses
DL News · 2025-07-09
Reports a 7 July 2025 service closure based on company emails and records unresolved customer complaints. No universal recovery result is inferred.
Entity
1 sourcesFinblox about page
Finblox
First-party historical page for Finblox identity, founders, custodial positioning and product scope.
Event
3 sourcesFinblox imposes withdrawal limit amid 3AC uncertainty
CoinDesk · 2022-06-16
Contemporaneous report on the $1,500 monthly withdrawal limit and reward pause.
Finblox doubles withdrawal limit after 3AC assessment
The Block · 2022-07-01
Reports the increased withdrawal limits and restoration of selected rewards.
Finblox increases withdrawal limits following 3AC assessment
Blockworks · 2022-06-30
Independent coverage of the partial restoration after the initial restrictions.
failure reason
1 sourcesFinblox imposes withdrawal limit amid 3AC uncertainty
Blockworks · 2022-06-16
Independent contemporaneous coverage of the restrictions and Three Arrows Capital exposure.
launch date
1 sourcesFinblox shutters three years after losing customer deposits
DL News · 2025-07-09
Reports that Finblox launched in 2021 and later closed; launch year is used at year-level.
ownership
1 sourcesFINBLOX LIMITED filing history
UK Companies House · 2026-03-03
Official corporate register shows voluntary strike-off and final dissolution. The record is corroborative and is not assumed to cover every Finblox operating entity or customer contract.
status
1 sourcesFinblox automated status page
Finblox status page
The page continues to report systems as operational after the reported closure and is treated as a potentially stale automation artifact, not proof of active customer service.
terms risk
1 sourcesWhere Finblox stored customer cryptocurrencies
Finblox Help Center
First-party explanation states that deposited assets used Fireblocks infrastructure and could be moved to self-custody cold wallets or lent to borrowers for users who opted into Earn.
url history
1 sourcesFinblox website archive captures
Internet Archive
Historical captures preserve the original platform and product pages.
No evidence records match the current filters.
Comparative records