Lending platform BlockFi has just announced it has completed bankruptcy preparations and is ready to begin paying funds to creditors.
The first distribution is reportedly scheduled for early next year.
Almost all custodial account customers have the ability to withdraw their assets.
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Users who had interest-bearing accounts and loans will receive emails inviting them to withdraw their available funds in the coming months.
Apparently, the process will start after the closing of obligations with the first category of clients.
The final amount of compensation depends on the outcome of proceedings with bankrupt crypto exchange FTX , hedge fund Three Arrows Capital and other companies.