Odaily Planet Daily News Bankrupt cryptocurrency lending company BlockFi said that creditors must claim their distributed assets by May 15. So far, 97% of US customers have received their distributions, while only 43% of non-US customers have received their distributions. One possible reason for the lack of claimants is that people believe that BlockFi Estate's message asking customers to choose a payment method is spam or a phishing attack. Some customers may need to complete a KYC identity verification process to receive their distributions.
BlockFi strongly recommends that all customers who have not yet received a distribution or completed this process complete this process before May 15, 2025. Bankruptcy law stipulates that assets not claimed by customers before the May 15 deadline will be shared by other unsecured creditors with lower claims. BlockFi filed for bankruptcy in November 2022 and announced a plan in July 2024 to distribute 100% of the dollar value of customer claims at the time of bankruptcy filing. (CoinDesk)