BlockFi: The next round of fund returns will start today, and more than $500 million in assets has been returned to nearly 130,000 customers
Cryptocurrency lending company BlockFi tweeted that it has completed the cryptocurrency refunds for its wallet product on January 22nd, fully returning all requested assets to nearly 130,000 customers, with a total value exceeding $500 million. Starting in February, BlockFi's remaining products (including the BlockFi Interest Account BIA) will allow customers, loan customers, and private clients to initiate withdrawal requests. The company stated that withdrawal times will be staggered based on account type and value, to ensure that all relevant parties can withdraw smoothly within the expected few weeks. In addition, the company expects to initially return 20% to 40% of the approved claim amounts to customers, and will continue to recover funds from FTX assets and further distribute them to customers upon receipt.
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