Cryptocurrency lending firm BlockFi has announced the creation of a website called Kroll, which acts as BlockFi’s complaint agent and accepts complaints from users until 5:00 p.m. (Eastern Time) March 31, 2023.
The cryptocurrency lender, which filed for bankruptcy, tweeted today: BlockFi customers will receive important information via mail and/or email from BlockFi’s claims attorney, Kroll, regarding proof of claims process.
Information on understanding the amount of a claim booked by a user on the platform and instructions on how to complete the claim certification form can be found on the Kroll website by selecting Customer Guide to Filling out a Claim Form.
More information on BlockFi's Chapter 11 bankruptcy case, including evidence of the claims process, can be found by visiting the Kroll website.
The deadline to submit proof of claim is 5:00 p.m. (Eastern Time) March 31, 2023.
At present, the debtor has established a portal to submit claims, and creditors can submit proofs of claims through the portal or mail proofs of claims or courier, but email delivery is not accepted. Previously, BlockFi filed a lawsuit with the New Jersey Bankruptcy Court on December 19, asking the court to allow customers to withdraw funds from wallet accounts and requesting users to update their rights. They argued that the move would not affect withdrawals or transfers from the company's interest accounts, which remain suspended.
Previously, BlockFi filed a lawsuit with the New Jersey Bankruptcy Court on December 19, asking the court to allow customers to withdraw funds from wallet accounts and requesting users to update their rights. They argued that the move would not affect withdrawals or transfers from the company's interest accounts, which remain suspended. The company had previously received offers from 35 potential partners after the legal filing on Jan. 9, according to Francis Petrie of law firm Kirkland & Ellis.
The company also plans to sell some crypto mining assets to potential partners after a New Jersey bankruptcy judge approves the plan. After dissenting from the U.S. government and the debt committee, Judge Michael Kaplan agreed, saying it was a viable process and that monetary debt was being reviewed.
