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BlockFi, a crypto lender once valued at $3 billion, has announced it will shut down its web platform this month and has partnered with Coinbase to facilitate the withdrawal of funds for its clients. This decision follows BlockFi's bankruptcy and the need to distribute funds recovered from the bankrupt FTX. Coinbase will serve as the distribution partner for eligible BlockFi Interest Account (BIA), Retail Loan, and Private clients. The deadline for clients to withdraw their digital assets was set for April 28, 2024, at 23:59 UTC.
Bankrupt crypto lender BlockFi announces plans to shut down its web platform by May and partners with Coinbase to allow clients to access and withdraw funds (@nwaokocha_peace / Cointelegraph) https://t.co/Hot8aypotf 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/fuIXArvI9g
UPDATE: BANKRUPT CRYPTO LENDER BLOCKFI ANNOUNCES CLOSURE; COINBASE TO ALLOW BLOCKFI CLIENTS TO ACCESS AND WITHDRAW FUNDS
Crypto lender BlockFi once valued at $3 billion is closing its website and taps Coinbase for distributions of funds recovered from bankrupt FTX https://t.co/xGEWG4hilb
