2023-06-13 16:28:00
Now in bankruptcyBlockFi is a crypto lending company that was forced to halt its activities and suspend the ability to make withdrawals last year following the collapse of the FTX crypto trading platform and the downfall of its founder Sam Bankman-Fried.
BlockFi announced that it plans to finalize the legal work and technical testing necessary to allow some of its customers to get their money back starting this summer. About this, the company said in an email to customers on Monday June 12 :
“We will very soon be able to begin allowing customers to withdraw a portion of the digital assets held within BlockFi Wallet accounts, provided that these accounts are not subject to potential claims. »
Thus, BlockFi clarified that all withdrawals must initially be made in groups, and that eligible people will receive an email from the company. Pending this moment, the company recommends its users to set up new crypto wallets with the aim of withdrawing the funds in question.
BlockFi has been scrambling to allow customers to make their withdrawals since it ceased operations on the date of November 13th and that she placed herself under the protection of the Chapter 11 of the United States Bankruptcy Act almost two weeks later.
As a reminder, BlockFi announced in the month of July 2022 the signing of an agreement with the American version of the FTX platform for 680 million dollars for the purpose of opening a line of credit between the two financial entities as well as a possible takeover.
Source : BlockFi
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