// startup autopsy
Finblox
The crypto yield platform backed by Sequoia that hit withdrawal limits when Three Arrows Capital collapsed
market collapseSudden Collapse
Unexpected shutdown within weeks of a trigger · Fatal mistake: Counterparty Risk
// the model, blind
Evaluating only Finblox’s profile at its peak — without knowing the outcome — the model ranked Market collapse as the #1 likely cause. That’s exactly how it died.
Key Events Timeline
FOUNDING
Finblox founded as a Hong Kong-based crypto yield platform.
FUNDING
Finblox raised $6.2 million in Series A funding from Sequoia Capital India and Jump Crypto.
PRODUCT LAUNCH
Finblox expanded yield offerings to compete with Celsius and other lending platforms.
REGULATORY ACTION
Following Three Arrows Capital's collapse, Finblox imposed withdrawal limits of $1,500 per month on users.
SHUTDOWN
Finblox ceases operations and initiates gradual wind-down of platform through late 2022.