BlockFi recauda 350 millones de dólares en fondos de la Serie D - Crypto Economy ESP (2024)

FAQs

What's happening with BlockFi interest accounts? ›

BlockFi has said it is unlikely to fully repay customers who had interest-bearing BlockFi accounts. The company previously estimated that those customers might receive between 39.4% and 100% of the value in their accounts. As part of the agreement, BlockFi agreed to drop its lawsuit over 56 million in Robinhood (HOOD.

This decision comes as part of a settlement reached in February 2022, in which BlockFi agreed to pay a $50 million penalty for failing to register its crypto lending product with the SEC.

BlockFi agreed to pay a $50 million penalty, cease its unregistered offers and sales of the BIAs and attempt to become ICA-compliant within 60 days.

According to the lawsuit, the Defendants made false and misleading statements to promote BlockFi Interest Accounts (“BIAs”), including that BIAs were a secure method of collecting interest.

According to court filings, BlockFi estimates that customers with interest-bearing Earn accounts will receive between 39.4% and 100% of the value in their accounts. This means that while some customers may receive their full funds back, others may not.

Only verified accounts are allowed to withdraw funds on BlockFi, so make sure you're verified. In addition, BlockFi is currently limiting its withdrawals, so make sure that you are eligible to make withdrawals.

BlockFi Inc. customers who tried to reclaim nearly $300 million in crypto after the company froze transfers last year don't have a right to the digital assets, a judge ruled, handing potential losses to investors who held interest-bearing accounts.

If you traded digital assets on BlockFi and had losses in 2022, you won't have to pay taxes over those losses, but you'll have to report them. In the US, you must report crypto gains and losses on Form 8949, including other information that CoinTracking can simplify.

Customers should assert a claim for all amounts they believe are owed to them by BlockFi, with sufficient explanation of the basis for such claim, plus any supporting documentation.

BlockFi doesn't provide FDIC or SIPC insurance like you normally get from your bank or online broker. However, BlockFi is still safe because Gemini, its custodian, uses numerous security practices like holding the majority of crypto in cold storage to keep assets safe.

Will BlockFi resume withdrawals? ›

The company will continue processing client crypto withdrawals, including for BlockFi Interest Account (BIA) holders. An initial distribution to BIA and loan holders is targeted for early 2024. The timing of any subsequent payouts depends largely on FTX bankruptcy recoveries.

FTX and BlockFi have reached a settlement, awaiting court approval. FTX will pay BlockFi up to $874 million due to the bankruptcy and misuse... The initial despair over FTX's failure has given way to a strange afterlife for the bankrupt exchange: a trading frenzy that has intensified...

The division at BlockFi between the two account types became muddied when BlockFi froze accounts on Nov. 10 shortly before filing for bankruptcy without fully disabling customer-facing functions on its app, creating a situation that Kaplan called "confusing, misleading and frustrating."