BTC $64,120.36 +1.02%
ETH $1,894.06 -0.36%
BNB $602.80 -0.48%
XRP $0.9942 -0.76%
SOL $75.76 +0.37%
TRX $0.3315 -0.24%
DOGE $0.0698 -0.46%
ADA $0.1736 -1.94%
BCH $203.30 -0.68%
LINK $9.41 -0.50%
HYPE $59.29 +0.80%
AAVE $88.18 +1.57%
SUI $0.6464 -4.57%
XLM $0.1549 -2.25%
ZEC $510.14 +3.77%
BTC $64,120.36 +1.02%
ETH $1,894.06 -0.36%
BNB $602.80 -0.48%
XRP $0.9942 -0.76%
SOL $75.76 +0.37%
TRX $0.3315 -0.24%
DOGE $0.0698 -0.46%
ADA $0.1736 -1.94%
BCH $203.30 -0.68%
LINK $9.41 -0.50%
HYPE $59.29 +0.80%
AAVE $88.18 +1.57%
SUI $0.6464 -4.57%
XLM $0.1549 -2.25%
ZEC $510.14 +3.77%

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

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)

app_icon
ChainCatcher Building the Web3 world with innovations.