BlockFi users to get back $297M from Wallet accounts: Report

by Aurelia Butler 12 May 2023, 00:20 179 Views

The return of funds does not apply to users of BlockFi Interest Accounts (BIA). According to Bankruptcy Judge Michael Kaplan, funds in BIA accounts were used by BlockFi for its lending business and therefore are property of the bankruptcy estates. This means the funds will be later used to repay all creditors.

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Source: Cryptocurrency - investing.com

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BlockFi users to get back $297M from Wallet accounts: Report

U.S. Treasury yields to rise amid debt ceiling standoff: Reuters poll

Jamie Dimon warns panic will overtake markets as U.S. approaches debt default

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