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BlockFi asks court for permission to allow some customers to withdraw their funds

Photo of Flavien FlavienDecember 20, 2022
Less than a minute
BlockFi asks court for permission to allow some customers to withdraw their funds

Bankrupt crypto lender BlockFi filed a motion yesterday with the U.S. Bankruptcy Court for the District of New Jersey for users who have crypto locked in wallet accounts to be able to withdraw said assets.
In an official email sent to its customers, BlockFi reasserted that funds locked in wallet accounts undeniably belonged to their customers, and so should be allowed to be withdrawn.
The crypto lender had suspended withdrawals the same day that FTX filed for Chapter 11 bankruptcy, and had filed itself for Chapter 11 bankruptcy protection on Nov. 28.

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Photo of Flavien FlavienDecember 20, 2022
Less than a minute
Photo of Flavien

Flavien

Greetings, I go by the name of Flavien - a devoted supporter of cryptocurrency and a tech aficionado who has been keeping track of the developments in the world of blockchain and digital currencies since 2019. The potential of decentralized digital currencies to revolutionize our financial systems has captivated me, and I'm constantly exploring the most recent trends and advancements in this ever-evolving industry. As a content creator for Krypto Channel, my aim is to deliver informative and engaging articles that shed light on all aspects of the crypto world. Whether you're a seasoned investor or simply curious about blockchain technology, I am here to keep you updated on the latest happenings and trends. Being part of this lively and dynamic community is an honor, and I am thrilled to share my passion for cryptocurrency and blockchain with all of you.
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