🎁🎁Selling Pressure May Come for Bitcoin and Ethereum: Payments Begin! 🎁🎁
Bankrupt cryptocurrency loan company BlockFi announced that it will start paying its users this month.
According to BlockFi's statement, the company will make cryptocurrency payments via Coinbase within the framework of a previous agreement.
BlockFi announced its bankruptcy in November 2022 due to the debts it gave to Alameda, a subsidiary of FTX.
Users who will receive payments in cryptocurrency will be informed by email about the Coinbase account opening process. Users who already have a Coinbase account will need to complete the KYC (Customer Identification Process) process.
Users with a Coinbase account will be able to receive payments in Bitcoin (BTC), Ethereum (ETH) and USDT. Users who do not have a Coinbase account will be paid in cash.
Bitcoin faced serious selling pressure due to the BTCs disposed of by the German government between June 19 and July 12, and the price dropped to $ 55,000. However, the fact that Germany no longer had Bitcoin to sell led to the recovery of BTC. Payments will also be made to users who are entitled to receive payments but do not withdraw their money by April 28 or do not verify their identity by May 10.
BlockFi will only issue refunds to customers in the United States.
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