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Users of the decentralized messaging platform Reach Me have apparently wasted more than $15,000 sending “pay-to-reach” messages to former Binance CEO Changpeng Zhao after he ignored more than 30% of their texts. The losses, first spotted yesterday by The Block’s Editor-In-Chief, Tim Copeland, are based on Zhao’s 63% response rate on Reach Me, where he charges users 0.8 Binance Coin (BNB) to text him.  So far, based on his Reach Me volume, users look to have paid 144.71 BNB, worth $81,000 as of yesterday, to contact Zhao. His response rate suggests he’s ignoring 33%, or $30,000, worth of messages.  The tenth spot on Reach Me’s leaderboard is held by someone who received $228 worth of messages. Read more: Binance founder CZ made $12B overnight when Donald Trump won Reach Me’s rules state that ignored messages received a 50% refund, and so half of that $30,000 is going back to users. However, Reach Me confirmed to Protos that the other 50% will be se...

At least 111 BlockFi borrowers had continued repaying loans between Nov. 11 and Nov. 22, even though they didn't need to, according to court documents. Bankrupt crypto lender BlockFi has agreed to refund more than $100,000 to California customers that had continued to repay loans even after a trading halt on Nov. 10 last year.  According to a March 27 statement from California's financial watchdog, the Department of Financial Protection and Innovation (DFPI), its investigation discovered at least 111 borrowers in California paid back roughly $103,471 in loan repayments between Nov. 11 and Nov. 22. The regulator claimed that BlockFi failed to "provide timely notification to borrowers that they could stop repaying their BlockFi loans." Californian @BlockFi users: BlockFi to refund over $100k after failing to notify borrowers about halting repayments post-FTX crash. The motion was filed, with a hearing set for April 19, 2023. Updates to follow. More info: https://t.co/b...