TechFlow, April 2 — According to CoinDesk, bankrupt cryptocurrency lending platform BlockFi announced that creditors must claim their asset distributions by May 15, 2025, or unclaimed assets will be redistributed to other unsecured creditors. Currently, 97% of U.S. customers have completed claims, while only 43% of non-U.S. customers have done so.
BlockFi stated that the low claim rate may be due to some customers mistaking claim notifications for spam or phishing attacks. The company emphasized that some customers might need to complete KYC identity verification to receive their asset distributions.
BlockFi filed for bankruptcy protection in November 2022 and announced in July 2024 that it would distribute assets at 100% of the dollar value of customer claims at the time of filing. The company is now urging all eligible customers who have not yet claimed their assets to act promptly to avoid missing the deadline.
