Odaily News: BlockFi has tweeted that the solicitation period for Chapter 11 bankruptcy plan of BlockFi has begun. During this period, all eligible creditors will have the opportunity to vote on the plan. BlockFi believes that this plan is the fastest way for customers to receive maximum compensation, and encourages all eligible creditors to vote in support of the plan. Eligible creditors can vote on the plan through the Kroll website before 4:00 PM Eastern Time on September 11th.

According to previous reports, BlockFi Inc. and certain affiliated companies announced that their disclosure statement had received conditional approval from the United States Bankruptcy Court for the District of New Jersey on August 2nd. BlockFi and the Official Committee of Unsecured Creditors recommended that all eligible parties entitled to vote should vote to accept the plan by September 11, 2023. The plan will result in a fair and maximized value conclusion for these Chapter 11 cases and facilitate the prompt return of customer funds.

Qualified creditors of BlockFi have the opportunity to vote in favor of the plan and will receive BlockFi's disclosure statement and plan, detailed voting instructions, and other important information; BlockFi creditors who do not have the right to vote on the plan will receive information explaining their lack of voting rights.