- This is stated in an email to customers.
- Now the platform is testing a new transfer system
BlockFi crypto lender going through bankruptcy proceedings, gave new information about repayments to customers. This is stated in an email from the company.
On June 9, the Supreme Court of Bermuda issued an order allowing the platform to resume withdrawals for customers with BlockFi Wallet accounts.
The platform has also updated the user interface. Now it will more accurately reflect user transactions, account balances and some other information.
Now BlockFi is completing the preparations and the necessary tests for some clients to return their assets this summer.
“During this timeframe, we will be able to begin allowing customers to withdraw digital assets held in BlockFi Wallet accounts that are not subject to potential preference requirements.”
The company added that it will accrue funds gradually. Customers who become eligible will be notified via email. They also recommended that users set up a third-party wallet for withdrawing funds.
Previously, BlockFi planned to reorganize the company and restart the business. But in May, the crypto lender withdrew such a statement. Now they are focused on payments to clients and settlements with investors. The company is involved in several legal disputes and blames the FTX exchange for its bankruptcy.