BlockFi plans to distribute assets to users who were unable to withdraw in time through Coinbase starting in July.

BlockFi announced on X platform that it will start the first temporary distribution of encrypted assets through Coinbase in July. The complete distribution process will be processed in batches over the next few months, and eligible customers will receive notifications via email to their BlockFi accounts. Due to regulatory requirements, non-US customers are currently unable to receive funds. The bankrupt encrypted CeFi platform BlockFi closed in May this year and stopped withdrawals. Assets that were not withdrawn in time will not be liquidated into cash but will be provided in physical form. Users can subsequently withdraw from Coinbase if they have created or own an open and approved Coinbase account.