Bankrupt cryptocurrency lender BlockFi has filed a motion to a United States bankruptcy court for permission to return frozen cryptocurrencies held in BlockFi wallets to its users.
Crypto lending platform BlockFi filed a motion on December 19 to a U.S. Bankruptcy Court in the District of New Jersey seeking permission to allow its users to withdraw their cryptocurrencies from frozen BlockFi wallets. In the motion, BlockFi asked the court for authority to honor client withdrawals from wallets that have been frozen since November 10. The news was first reported by Cointelegraph.
How BlockFi and FTX Became Financially Entangled
BlockFi filed for Chapter 11 bankruptcy protection in the US late in November just days after it was forced to suspend withdrawals amid the fallout from the complete collapse of FTX. BlockFi became financially entangled with FTX in June 2022 when the exchange agreed to provide the company with a credit line of $400 million. By extending the credit line, FTX also
We współpracy z: https://cryptodaily.co.uk/2022/12/blockfi-submits-motion-to-return-frozen-crypto-to-wallet-users
