SoFi: Crypto Service Provider Technical Issues Cause Deposit and Withdrawal Delays

On November 6, TechFlow reported that, according to The Defiant, SoFi announced technical issues with its crypto services, leading to delayed or pending crypto asset deposits and withdrawals between users and external wallets and exchanges.

SoFi stated that incoming crypto assets have been credited and are awaiting review, while outgoing assets will be processed after review. The company confirmed that user funds are secure and no additional action is required; transactions will be processed promptly once services are restored.