BlockFi Files Motion With New Bankruptcy Court Asking Court To Allow Clients To Withdraw From Wallet Accounts

As Cointelegraph reported, BlockFi, an encrypted lending company that has filed for bankruptcy, filed a motion with the U.S. Bankruptcy Court of New Jersey on Dec. 19, asking the court to allow customers to withdraw funds from wallet accounts and requesting permission to update the user interface to correctly reflect Trading while the platform is suspended. In an email sent to affected users, BlockFi called the motion “an important step toward our goal of returning assets to clients through Chapter 11 cases.” BlockFi said the motion will not affect withdrawals or transfers from BlockFi interest accounts, which remain suspended, and a hearing to decide whether to grant the motion is scheduled for Jan. 9, 2023, according to court documents.