US BlockFi clients free to withdraw funds after court order
Numerous US-based client s of the defunct crypto lending firm, BlockFi, have reported being able to access their accounts following a directive from the US Bankruptcy Court for the District of New Jersey on Aug. 16. In an update on Aug. 17, BlockFi said it had initiated the withdrawal process for eligible users’ wallets in the US, conforming to the directives of the bankruptcy court , nine months after suspending withdrawals. Even so, international users will have to wait longer as legal proceedings are ongoing but may change. Earlier today, we opened withdrawals of digital assets from BlockFi Wallet accounts for eligible client s in accordance with the authorization provided by the Court in the Wallet Order: https://t.co/wOc3Fk0VpH — BlockFi (@BlockFi) August 17, 2023 BlockFi said their decision to lift the suspension aligns with the Wallet Order issued by the court , which specifies eligible client s as U.S.-based BlockFi Wallet account holders who met specifi...