BlockFi has announced that customer withdrawals could begin this summer.
Last year, with the bankruptcy of FTX, an explanation came from BlockFi, which suspended its withdrawals. The company said it plans to start withdrawals this summer.
BlockFi May Launch Withdrawals This Summer
There is good news for its customers from BlockFi, which has suspended customer withdrawals. BlockFi has announced that it plans to launch customer withdrawals this summer. BlockFi, which suspended withdrawals last year due to FTX’s bankruptcy, aims to complete its work and necessary tests to begin this summer.
In an email to customers, the company stated that by this time, they would be in a position to allow customers to withdraw their digital assets held in their BlockFi Wallet accounts. He stated that withdrawals will be made in bulk and an email will be sent to eligible customers. During this time, the company recommends users to create third-party wallets to withdraw funds.
BlockFi has filed for Chapter 11 bankruptcy protection since November 13, when it struggled to allow customer withdrawals. The company announced that efforts are being made to reimburse customers for their money.
