Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: coingabbarmarket on October 26, 2023, 11:49:29 AM
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Emerging from Bankruptcy, BlockFi Enables Withdrawal
BlockFi, a crypto lending platform faced bankruptcy due to the Terra stablecoin collapse and FTX's subsequent bankruptcy, has emerged from its financial troubles. BlockFi announced that withdrawals are now available to most Wallet customers in a recent blog post. They plan to initiate asset withdrawals for BlockFi Interest Account (BIA) and Loan customers in early 2024. This allows BlockFi the opportunity to seek repayment of owned assets from companies, such as Three Arrows Capital and FTX. International users can currently withdraw from BlockFi. US customers will have to wait until early 2024, depending on the outcome of the FTX bankruptcy lawsuit.
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BlockFi emerges from bankruptcy and opens wallet withdrawals
Crypto lending platform BlockFi has emerged from bankruptcy and is ready to pay back some of its creditors, according to an Oct. 24 blog post. Withdrawals “are currently available to nearly all Wallet customers,” the post stated, adding that BlockFi Interest Account (BIA) and Loan customers will be able to withdraw some assets in early 2024.
(https://images.cointelegraph.com/cdn-cgi/image/format=auto,onerror=redirect,quality=90,width=717/https://s3.cointelegraph.com/uploads/2023-10/b999a497-4960-450b-ae2d-061385059858.jpg)
For more Information Here https://cointelegraph.com/news/blockfi-emerges-bankruptcy-opens-wallet-withdrawals (https://cointelegraph.com/news/blockfi-emerges-bankruptcy-opens-wallet-withdrawals)
What's your opinion about BlockFi Emerge from Bankruptcy, Enables Withdrawals and Traces Debts?