Users of the defunct crypto lending platform BlockFi may soon be able to get some of their locked funds back — if BlockFi's latest motion is approved.
Bankrupt crypto lending platform BlockFi has filed a motion requesting authority from the United States Bankruptcy Court to allow its users to withdraw digital assets currently locked up in BlockFi Wallets.on Dec .19 with the U.S. Bankruptcy Court in the District of New Jersey, the lender asked the court for authority to honor client withdrawals from wallet accounts as of the platform’s pause on Nov. 10.
“It is our belief that clients unambiguously own the digital assets in their BlockFi Wallet Accounts.” The lending platform has also signaled intentions to seek “similar relief from the Supreme Court of Bermuda with respect to BlockFi Wallet Accounts held at BlockFi International Ltd.”
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