TechFlow news: Crypto lending company BlockFi announced in a tweet that it has completed the return of cryptocurrencies for its wallet product on January 22, fully reimbursing all claimed assets to nearly 130,000 customers, with a total value exceeding $500 million.
Starting in February, customers of BlockFi's remaining products—including BlockFi Interest Accounts (BIA), loan clients, and private clients—may be able to submit withdrawal requests. The company expects to initially return 20% to 40% of customers' approved claim amounts, and will continue recovering funds from FTX estate distributions, making further disbursements to customers as funds are received.
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