BlockFi Bounces Back, Set to Reimburse Creditors After Bankruptcy Stumble

Emerging from a financial quagmire, the cryptocurrency lending service BlockFi has announced its readiness to repay some of its debts. A recent blog update on October 24 conveyed that almost all of its Wallet users have access to withdrawal features, with those using BlockFi Interest Account (BIA) and Loan services anticipated to see some asset withdrawals as early as 2024. With its financial standing now more stable after its bankruptcy resolution, BlockFi is eyeing asset recovery from other entities that it claims are in debt. This includes cryptocurrency platforms that have also...

source: https://tokenpost.com/BlockFi-Bounces-Back-Set-to-Reimburse-Creditors-After-Bankruptcy-Stumble-10879

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Published by: Book Club
Source: NewsService