Crypto Lender BlockFi Seeks To Return Frozen Assets To Wallet Users: What Customers Need To Know

Defunct cryptocurrency lending platform BlockFi has filed a motion asking a U.S. bankruptcy court to grant permission for its users to withdraw digital assets that are currently locked up in its wallets. The lender requested permission to recognize client withdrawals from wallet accounts that have been suspended on the platform since Nov. 10 in a motion submitted on Dec. 19 to the U.S. Bankruptcy Court in the District of New Jersey.