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The court ruled that BlockFi must return $300 million in funds from users' custody accounts, while $375 million in interest-bearing accounts is non-refundable

2023-05-11 23:25:30
Collection

ChainCatcher News, a judge in New Jersey has ruled that BlockFi custodial wallet users can receive nearly $300 million in refunds, as the assets in the wallets belong to the customers, not to the bankrupt cryptocurrency lender BlockFi.

However, the additional $375 million that customers attempted to transfer out of BlockFi's interest-bearing accounts (known as BIA) after November 10 still belongs to BlockFi. (Source link)

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