Coinspeaker
BlockFi Seeks to Resume Withdrawals for Selected Customers
Crypto lender BlockFi, which filed for bankruptcy on the 28th of November, has filed a motion with a US court to resume withdrawals for customers with crypto locked in its wallet accounts. The bankrupt company filed the motion on the 19th of December with the US Bankruptcy Court in the District of New Jersey. If approved, BlockFi users will be able to withdraw the crypto that is locked up in the platform. The motion says that cryptos held in BlockFi wallets belong to customers, and the company does not have legal or equitable interest in friends from when it stopped operation on the 10th of November.
In addition to allowing withdrawals of funds in customers’ BlockFi wallets, the crypto lender is pushing to update the user interface to reflect transactions correctly. The company also seeks to conduct ordinary course reconciliation of accounts.
“Simply put, the [clients] were unable to, and did not, effectuate any
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