Bankrupt Crypto Lender BlockFi to Commence Repayments This Month

Bankrupt crypto lender BlockFi announced a significant step in its effort to repay its clients. In an X post on Wednesday, the lender noted that the first interim distribution of funds to clients through Coinbase will begin this month. According to BlockFi, the interim distribution will commence in July and will be processed in batches in the coming months. The firm added that eligible clients will receive repayment notifications through the email linked to their BlockFi accounts. BlockFi mentioned that clients outside the US cannot receive funds now due to regulatory requirements that apply to them. 

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