[ccpw id="5"]


HomeNewsBlockFi Takes Action for Locked Assets

BlockFi Takes Action for Locked Assets


crypto loan company BlockFihas taken action to refund users their assets in their crypto wallets.

crypto exchange FTX The entire crypto ecosystem was deeply affected after the collapse of . While companies were trying to fight the liquidity crisis, the only way for those who could not stand was to file for bankruptcy. One of them, BlockFi, stopped withdrawals and entered bankruptcy, citing the current situation. Now he has filed a claim in court for assets that remained locked in wallets after filing for bankruptcy.

BlockFi Wants To Return Assets To Users

filing for bankruptcy BlockFifiled a petition with the US Bankruptcy Court to return the cryptocurrencies held in their wallets to users.

District of New Jersey In a motion submitted to the US Bankruptcy Court on 19 December; The company sought court authorization to initiate customer withdrawals from wallet accounts after the November 10 stoppage. The file also includes requesting permission to update the UI to keep things moving smoothly.

In an email to affected users, BlockFi wrote:

“This move is an important step towards our goal of returning assets to customers through our chapter 11 lawsuits. We believe our clients have clear ownership of digital assets in their BlockFi Wallet Accounts.”

According to BlockFi, this move will not affect withdrawals or transfers from BlockFi Interest Accounts that are currently paused. A hearing is scheduled for January 9, 2023 to decide whether the request should be granted.


Please enter your comment!
Please enter your name here


El Salvador Eliminates AI Taxes

El Salvador's President Nayib Bukele presented the law to Congress to abolish taxes on artificial intelligence, technology and software.

zkSync Network Experienced a Brief Outage

Blocks could not be produced for approximately 4 hours due to an outage in the zkSync mainnet Era.

Justin Sun and Huobi: Shocking Allegations and Denials!

Bloomberg claimed that Justin Sun bought a $1 billion share of Huobi last year and is trying to sell those shares due to the stock market's falling trading volume.

Elon Musk Wants to Get Out of the Dogecoin Case

Elon Musk demanded that the $258 billion "Dogecoin fraud" lawsuit filed by Dogecoin (DOGE) investors against him be dropped.

Follow us


Most Popular