Stay Informed: BlockFi Plans Platform Closure But Offers Second Chance For Withdrawals
BlockFi, the troubled crypto lender, has recently announced its intentions to close its web platform this month. However, if you missed the withdrawal deadline for your crypto holdings, there is still a chance for you to recover your assets through a partnership with Coinbase. Here’s what you need to know to ensure you can access and withdraw your funds before it’s too late.
How to Recover Your Crypto Holdings After Missing BlockFi’s Withdrawal Deadline
If you were unable to request a withdrawal of your crypto holdings from BlockFi by the deadline of April 28, 2024, there is still hope for you. BlockFi is partnering with Coinbase to facilitate the distribution of the remaining assets to eligible clients. Here’s how you can still recover your crypto assets:
- Missed Deadline Instructions: Clients who missed the withdrawal deadline will receive guidance on setting up a Coinbase account to access their digital assets.
- Withdrawal Option: If you don’t establish an approved Coinbase account, your assets may be liquidated into cash and distributed accordingly.
BlockFi Urges Clients to Prepare for Platform Closure
As BlockFi prepares to close its platform, it is essential for customers to take necessary measures to secure any important documents and information stored on the platform. Here’s what you need to do before the closure takes effect:
- Document Download: Ensure you download and save important documents such as transaction history, tax documents, and any other pertinent information from BlockFi.
- Stay Alert: Be cautious of potential scam attempts by third-party entities claiming to assist with cryptocurrency distributions. BlockFi warns against fraudulent activities and advises customers to remain vigilant.
Hot Take: Seize the Opportunity to Recover Your Crypto Assets With BlockFi and Coinbase
Don’t miss the chance to recover your crypto assets if you missed the withdrawal deadline on BlockFi’s platform. By partnering with Coinbase, BlockFi is offering a lifeline to eligible clients to access and withdraw their digital assets. Take proactive steps to ensure you can retrieve your funds before it’s too late.
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Sources:
– Restructuring.RA.Kroll – BlockFi Important Information & Dates
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