During the early days of the latest crypto winter, BlockFi was one of the first major platforms to go bust following the collapse of TerraUSD.
At the time, a shaky BlockFi was “rescued” by FTX, who offered the beleaguered crypto company a $400 million line of credit to keep it from collapsing. However, this solution was short-lived, as FTX, in turn, crumbled a few months later under the weight of its founders’ bad decisions and their “creative” accounting practices.
Now, 11 months after going bust, BlockFi has announced that it has exited bankruptcy procedures and is entering its reimbursement and wind-down plan.
BlockFi is pleased to announce that its bankruptcy plan (the “Plan”) is effective and the company has emerged from bankruptcy as of October 24, 2023 (the “Effective Date”).
— BlockFi (@BlockFi) October 24, 2023
Withdrawals for Nearly All Users
Certain BlockFi users were able to withdraw some of their funds as far back as May 2023 after the New Jersey bankr
We współpracy z: https://cryptopotato.com/blockfi-exits-bankruptcy-opens-withdrawals-for-international-users/
