BlockFi will begin distributing crypto assets to eligible customers via Coinbase starting in July 2024, with distributions processed in batches and notifications sent to registered email addresses.
July 2024 Distributions
Bankrupt crypto lender BlockFi will initiate its first interim crypto distributions via Coinbase in July 2024. The crypto firm announced through a post on X.com that these distributions will be processed in batches over the coming months.
Eligible clients will receive notifications through their registered email addresses. However, the post specified that “non-US Clients are unable to receive funds at this time due to the regulatory requirements applicable to them.”
BlockFi’s Background
BlockFi was the first significant casualty following the collapse of crypto exchange FTX in early November 2022. The company filed for Chapter 11 bankruptcy protection on November 28, 2022, shortly after halting withdrawals from its platform. Since then, BlockFi ha
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