Blockfi reimburses Californians over $ 100,000

Blockfi reimburses Californians over $ 100,000
The cryptocurrency credit platform Blockfi agreed to provide more than 100,000 US dollars to reimbursements for California customers who were affected by the company's collapse.
The former giant in his area passed serious turbulence last year caused by the Terra crash and the FTX core melt. The massive commitment and the close relationship to the stock exchange led to bankruptcy registration at the end of November.
- The department of financial security and innovation (dfpi) announced that does not reimburse blockfi Californian users and further repay their loans.
- The investigation showed that such customers distributed at least $ 103,471 to the Blockfi service in 2022. At the same time, they were unable to withdraw funds and collateral from the platform.
- The crypto loan recently asked the service to repay these credit repayments. A hearing planned for mid -April will bring more light into the case.
- Blockfi was one of the numerous digital asset units that were damaged by the Baisse and the negative events last year. His main problems began in May (shortly after the collapse of Terra) and intensified with the failure of FTX.
- The stock exchange was about to buy Blockfi in the summer, while the latter had almost half of their assets bound Span Data Preserver-Spaces = "True"> to the FTX Group. Span>
- In view of all of these problems, it is no wonder that the lender put off for insolvency protection according to Chapter 11 in the United States towards the end of November.
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