Coinspeaker
Crypto Lender BlockFi to Begin Repayments on Coinbase Soon
Beleaguered cryptocurrency lender BlockFi announced that it plans to commence repayments to users who lost access to their assets when the company filed for bankruptcy in 2022 due to massive exposure to FTX.
In a recent announcement, the company said it will start the reimbursement this month through the American crypto exchange Coinbase. Those who already have an active Coinbase account will receive their funds in digital assets such as Bitcoin (BTC), Ethereum (ETH), and the popular USDT stablecoin, while others will receive their payments in cash.
Repayments Limited to US BlockFi Customers
BlockFi stated that only customers in the United States will be able to reclaim their funds due to regulatory hurdles. Additionally, qualified users will be informed through the same email registered with the company.
The repayments will be processed in batches over the next few months, with the first tranche schedu
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