BlockFi claims deadline is May 15, only 43% of non-US customers have completed their claims

This article is machine translated
Show original

According to Foresight News and CoinDesk, the bankrupt cryptocurrency lending company BlockFi stated that creditors must claim their allocated assets by May 15th. So far, 97% of US customers have received their allocation, while only 43% of non-US customers have received theirs. A possible reason for insufficient claims is that people believe the BlockFi Estate's message requiring customers to choose a payment method is spam or a phishing attack. Some customers may need to complete the KYC verification process to receive their allocation. They strongly recommend that all customers who have not yet received their allocation or completed this process do so before May 15th, 2025. Bankruptcy regulations stipulate that assets not claimed by customers before the May 15th deadline will be shared among other unsecured creditors with lower claim priority.

BlockFi filed for bankruptcy in November 2022 and announced a plan in July 2024 to distribute assets at 100% of the dollar value of customer claims at the time of the bankruptcy filing.

Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Followin logo