Deadline for BlockFi Customers to Submit Proof of Claim

02/14/2023 04:15 • Daily Digest • 93 views

On February 14, BlockFi, the encryption and lending company that has filed for bankruptcy, tweeted today: “From today on, BlockFi customers will receive important information about the proof of the claim process from Kroll, the claim agent of BlockFi, via email and/or email. The deadline for submitting the proof of claim is 17:00 EST on March 31, 2023 (06:00 Beijing time on April 1).”

BlockFi: Creditors can now submit proof of claim, which will expire on April 1

Interpretation of the news:

On February 14, BlockFi made an announcement through their Twitter account that could affect their customers. According to the message, the encryption and lending company which has filed for bankruptcy, will begin to send important information about the proof of claim process to their customers via email and/or mail. Kroll, the claim agent of BlockFi, will be responsible for sending the information.

The proof of claim process is a legal process that allows creditors to submit a claim seeking to recover debts owed to them by an insolvent debtor. The deadline for submitting the proof of claim is on March 31, 2023, at 17:00 EST, which translates to 06:00 Beijing time on April 1.

The announcement implies that BlockFi customers may have outstanding debts or claims that the company must address during their bankruptcy proceedings. This is a significant development for customers who may have funds or cryptocurrencies invested in BlockFi’s platform, as they have a chance to recover them through the proof of claim process.

BlockFi is known for offering interest-bearing accounts for cryptocurrencies like Bitcoin and Ethereum, allowing customers to earn interest on their investments in these digital assets. They also offer loans using cryptocurrencies as collateral. The bankruptcy of BlockFi has been a cause for concern for many of its customers who could lose their investments if the company does not properly manage its bankruptcy process.

Overall, the message highlights the importance of the proof of claim process for BlockFi customers who have outstanding debts or claims. It also gives a clear deadline for the submission of the claims, giving customers ample time to consult with legal counsel or financial advisors if necessary. The message also reassures customers that they will receive updates on the process through Kroll, the claim agent of BlockFi.

Keywords like BlockFi, Proof of Claim, and Deadline are crucial to understanding the significance of the announcement. The keywords capture the essence of the message and highlight the urgency and importance of the proof of claim process for BlockFi customers.

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Deadline for BlockFi Customers to Submit Proof of Claim

BlockFi: Creditors can now submit proof of claim, which will expire on April 1

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