BlockFi announced on Oct. 24 that it has emerged from bankruptcy and can now enact the various parts of its bankruptcy plan, including a wind-down.
BlockFi said that it will continue to distribute client assets. It noted that wallet customers can currently request withdrawals and will be able to do so until the withdrawal window closes on Dec. 31. That withdrawal period originally opened in August.
The company added that it intends to allow BlockFi Interest Account (BIA) and Retail Loan customers to make withdrawals available through a separate process starting in early 2024. BlockFi said that it will send updates on this part of the process in the coming months. BlockFi also noted that it anticipates multiple waves of distributions and said that the assets in this category will come from its wind-down process.
BlockFi added that it will continue its claims reconciliation process to ensure that claims are accurate and to ensure that clients receive a fair amount of funds.
Finally, Bloc
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