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Bankrupt BlockFi Begins Client Repayments via Coinbase This Month

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#DeFi
Crypto Potato
382Words
Jul 18, 2024

Bankrupt crypto lender BlockFi announced it will start distributing funds to clients via Coinbase this month. The first interim distribution will begin in July and continue in batches over the coming months. BlockFi, which emerged from bankruptcy in October 2023, is still pursuing claims against FTX and Alameda Research to increase repayment values. However, non-US clients are currently restricted from receiving funds due to regulatory requirements.

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