BlockFi emerged from bankruptcy on Tuesday, saying it will wind down operations and begin returning crypto assets to customers 11 months after it was swept away by the turbulence in the cryptocurrency industry following FTX's collapse. New Jersey-Based BlockFi will continue to pursue additional payments through the bankruptcies of other crypto companies including FTX and Three Arrows Capital under a bankruptcy plan approved in court last month. BlockFi estimated in court filings that customers who had interest-bearing Earn accounts will receive between 39.4% and 100% of the value in their accounts. BlockFi said withdrawals are currently available to nearly all of its Wallet customers.
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