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BlockFi, the bankrupt cryptocurrency lending platform, announced it will commence its first interim crypto distributions through Coinbase in July 2024. The asset allocation will be processed in batches over the next few months. Eligible customers will receive notifications about their BlockFi accounts, with U.S. clients being prioritized. Non-U.S. customers will be excluded due to regulatory constraints. BlockFi owes up to $10 billion to over 100,000 creditors, including $1 billion to its three largest creditors and $220 million to Three Arrows Capital.
BLOCKFI SET TO START CRYPTO DISTRIBUTIONS VIA COINBASE IN JULY BlockFi will begin processing crypto distributions via Coinbase this month, with U.S. clients receiving notifications first. Non-U.S. clients will have to wait due to regulatory hurdles. Source: The Block https://t.co/KWH5SUE1rJ
BlockFi Repayments to Its 100,000 Creditors Will Begin This Month ► https://t.co/6wF2Lm2djj https://t.co/6wF2Lm2djj
Bankrupt crypto lender @BlockFi will commence first interim crypto distributions through @Coinbase in July 2024, it announced on Thursday. By @amitoj. https://t.co/8cSk4M9Svs
