Bankruptcy crypto lending platform BlockFi has received approval to repay customers of $300 million in custodial wallets.
According to a report published by Reuters on May 11, New Jersey bankruptcy court judge Michael Kaplan belongs to customers of BlockFi’s custody wallet. 297 million dollar fund does not belong to the company He gave his consent for the refund to the customers.
Michael Kaplan made on the subject in the statement, customers with funds in yield accounts earning in return for certain accepting the risks however interest free account customers by its structure any cannot take the risk stated.
In this context, Kaplan 10 November 20:15 from on from income accounts normal to wallets no initiated your transfer acceptance not been reported. Approximate assets of 375 million It is said to represent the dollar.
BlockFi last year December per month interest-free account customers their funds to be able to return for the court request permission had been found.