NEWS: Cryptocurrency lending platform BlockFi announced on October 24, 2023 that it is no longer bankrupt and that US and global users can submit withdrawal requests.
The company reached an agreement with its creditors for a $100 million debt restructuring. The agreement was approved by the New York Bankruptcy Court on October 19, 2023.
BlockFi said users will be able to withdraw their funds in full starting Nov. 1, 2023. The company also said it plans to restart its product and service offerings in the coming months.
BlockFi's announcement is good news for users of the platform, who had been worried about the possibility of losing their funds. The company's debt restructuring will allow it to emerge from bankruptcy and continue operating.
What do you think about BlockFi, see you in the comments!
