Blockchain analytics firm Arkham Intelligence reports that bankrupt crypto lender BlockFi has withdrawn $250 million USDC from Coinbase Prime. This brings their on-chain balance to $300 million, suggesting that creditor repayments may be imminent. BlockFi filed for Chapter 11 bankruptcy in November 2022, shortly after the collapse of FTX. On January 13, they completed a $50 million first distribution to 130,000 customers. This recent withdrawal from Coinbase Prime indicates that BlockFi is preparing to make further distributions to creditors. The company has not yet announced a timeline for these repayments, but the latest withdrawal suggests that they may be coming soon. BlockFi's bankruptcy has been closely watched by the crypto community, as it is one of the largest crypto lenders to fail in recent months. The company's collapse has raised concerns about the stability of the crypto lending industry and the risks associated with investing in digital assets.