{"id":133449,"date":"2024-07-19T10:30:01","date_gmt":"2024-07-19T07:30:01","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=133449"},"modified":"2024-07-19T02:10:58","modified_gmt":"2024-07-18T23:10:58","slug":"blockfi-to-begin-returning-customer-funds-through-coinbase","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/blockfi-to-begin-returning-customer-funds-through-coinbase\/","title":{"rendered":"BlockFi to Begin Returning Customer Funds Through Coinbase"},"content":{"rendered":"<p>After suspending operations in May due to the FTX collapse and subsequent bankruptcy, BlockFi teamed up with Coinbase to manage the return of customer assets.<\/p>\n<p>The window to request funds has closed, and BlockFi is now working with Coinbase to proceed with the next steps. Initial crypto distributions through Coinbase are set to <strong><a href=\"https:\/\/x.com\/BlockFi\/status\/1813611800426086431\" target=\"_blank\" rel=\"nofollow\">begin<\/a><\/strong> in July 2024, with the funds being distributed in batches over the coming months.<\/p>\n<p>Customers will receive email notifications with instructions on creating a Coinbase account, although non-U.S. clients are currently excluded due to regulatory issues.<\/p>\n<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/american-company-bets-against-trump-media-day-before-the-assassination-attempt-coincidence\/\" title=\"American Company Bets Against Trump Media Day Before the Assassination Attempt \u2013 Coincidence?\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/181011114942-donald-trump-super-169-240x170.jpg\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">American Company Bets Against Trump Media Day Before the Assassination Attempt \u2013 Coincidence?<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>Customers who missed the original deadlines can still access their funds via a verified Coinbase account, with cash distributions available for those unable to open an account. Future distributions, including those from recovered FTX funds, will also be managed through Coinbase.<\/p>\n<p>BlockFi has cautioned clients to be wary of scams from third parties claiming to offer crypto distributions, emphasizing that it will only work with Coinbase for these transactions.<\/p>\n<p>Following its bankruptcy declaration in November 2022, BlockFi outlined plans to return customers\u2019 crypto holdings, with a withdrawal request deadline that passed on April 28, 2024. Instructions for setting up a Coinbase account were provided to clients in May.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bankrupt crypto lender BlockFi is gearing up to return funds to its customers this month, with Coinbase handling the distribution.<\/p>\n","protected":false},"author":3,"featured_media":30642,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[22],"tags":[],"class_list":["post-133449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-others"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>BlockFi to Begin Returning Customer Funds Through Coinbase<\/title>\n<meta name=\"description\" content=\"Bankrupt crypto lender BlockFi is gearing up to return funds to its customers this 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