BlockFi will distribute crypto assets to users who have not withdrawn them through Coinbase in July.

Wu learned that the cryptocurrency lending platform BlockFi announced that it will start the first temporary distribution of encrypted assets through Coinbase in July. The asset distribution will be processed in batches over the next few months, and eligible customers will receive email notifications from BlockFi accounts. Due to regulatory requirements, non-U.S. customers are currently unable to receive funds. Previously, BlockFi closed and suspended withdrawals in May this year. Assets that were not withdrawn in time will not be liquidated into cash but will be provided in physical form.