Cryptocurrency lending platform BlockFi has announced a partnership with Coinbase, which will serve as BlockFi's distribution partner to ensure that eligible BlockFi interest accounts (BIAs), retail loans, and private customers can continue to withdraw crypto assets.
BlockFi said that for customers who fail to withdraw digital assets from the BlockFi platform within the stipulated time, these assets will continue to be available for withdrawal through the Coinbase account. If the customer does not open an approved account with Coinbase, their due digital assets may be liquidated into cash. In addition, the BlockFi network platform will be shut down in May 2024. The exact date has not yet been determined. BlockFi advises customers to download their transaction history, tax forms and other important data before the closing date.
BlockFi emphasizes that it will not cooperate with any other providers for digital asset distribution, and reminds customers to be vigilant against fraudulent attempts by third-party criminals. Customer communication will be conducted only through official email channels, social media @BlockFi, and bankruptcy administrator Kroll, among others.
BlockFi has announced a partnership with Coinbase to distribute digital assets, and the platform is about to shut down
2024-05-09 23:57:08
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