Hey Crypto Enthusiasts! BlockFi Has Exciting News!
BlockFi to Repay 100% of Eligible Client Claims
TLDR
BlockFi estate clients are expected to receive 100% of their eligible claims. US clients may receive their distributions within 90 days. International clients face longer wait times due to regulatory requirements. Eligible US clients need to set up a Coinbase account by August 23, 2024 to receive crypto assets. BlockFi sold its FTX claims
Have you heard the exciting news? BlockFi, the popular crypto platform, has announced that they will be repaying 100% of eligible client claims. This is fantastic news for all BlockFi clients, as it means that they will be receiving the full amount of their eligible claims without any deductions.
For our US clients, you can expect to receive your distributions within 90 days. This is great news for those who have been eagerly awaiting their funds. However, our international clients may have to wait a bit longer due to regulatory requirements. Rest assured, we are working diligently to process all claims as quickly as possible.
If you are an eligible US client, it is important to note that you will need to set up a Coinbase account by August 23, 2024 in order to receive your crypto assets. This is a crucial step to ensure that you receive your funds in a timely manner.
As part of this process, BlockFi has sold its FTX claims in order to repay clients. This strategic move will allow us to fulfill our commitment to our clients and ensure that everyone receives their funds as quickly as possible.
How This Will Affect You
For current BlockFi clients, this announcement is great news as it means that you will be receiving 100% of your eligible claims. Make sure to set up your Coinbase account by the deadline to ensure you receive your crypto assets in a timely manner.
How This Will Affect the World
This move by BlockFi demonstrates their commitment to their clients and the integrity of the crypto industry as a whole. By repaying 100% of eligible client claims, BlockFi is setting a positive example for other companies in the space to follow. This will help build trust and confidence in the industry, leading to more widespread adoption of cryptocurrencies.
Conclusion
BlockFi’s decision to repay 100% of eligible client claims is a positive step forward for both clients and the crypto industry as a whole. By setting this standard of integrity and transparency, BlockFi is solidifying its position as a reputable and trustworthy company in the crypto space. We look forward to continuing to serve our clients and provide them with the best possible experience in the world of cryptocurrency.
