Announcement to Bankrupt Crypto Platform Customers: Reimbursement Will Be Made

Bankrupt crypto lending platform BlockFi will reimburse customers in California over $100,000.

Recently released documents prompted BlockFi to issue refunds to customers. Documents shared by the court, based in California at least 111 customers of BlockFi 10 November 2022 He revealed that he continued to make loan payments after he stopped the transactions on

Investors at that time 103 thousand dollars made a worthwhile payment. According to the documentation BlockFi, February 24He requested permission from the bankruptcy court to return these payments to the creditors with a petition submitted to the court in . The decision in question California Department of Financial Protection and Innovation (DFPI) by also confirmed. Refunds will be made through the service provider BlockFi works with.

The one who took the first step about this victimization DFPI had happened. In the statement made by the institution, it was stated that BlockFi was late in informing customers that they could stop payments, while this delay was noted. 22 NovemberIt was emphasized that until


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