Crypto Lending firm BlockFi has filed a motion requesting authorization from a United States bankruptcy court to enable its users to withdraw frozen crypto assets under their custody.
BlockFi inching closer to enabling withdrawals
Într-o mișcare depusă on Dec 19 with the U.S. Bankruptcy Court for the District of New Jersey, the lender applied for permission to honor client withdrawals from wallet accounts that have been frozen since Nov 10 on the platform.
Additionally, the court documents request permission to update the user interface to accurately reflect transactions since the platform’s pause.
In an email widely disseminated to affected users, BlockFi stated that it believes its clients “unquestionably own the digital assets” in their wallet accounts. It added that obtaining authorization through the aforementioned legal process is a “necessary step in ensuring all clients are treated fairly” and that it intends to honor all requests aptly.
According to BlockFi, this motion will have no impact on withdrawals or transfers from BlockFi Interest Accounts, which remain suspended at this time.
The lending platform also seeks relief from the Supreme Court of Bermuda in order to enable customers to withdraw assets from its international platform.
Swift recovery from BlockFi
Tiffany Fong, a crypto blogger, shared the communication sent to her by BlockFi on December 19, remarking that the troubled company appears to be moving much more quickly than Celsius, which filed for bankruptcy more than five months ago.
Source: https://crypto.news/blockfi-files-motion-in-us-for-users-to-withdraw-frozen-crypto/