BlockFi applied to the court to exchange ALGO, DOGE and other assets into stable coins so that users can withdraw cash

Odaily News The bankrupt encrypted lending platform BlockFi submitted an application to the court on August 29, requiring the conversion of trade-only assets in user accounts into stable coins so that users can withdraw these assets. BlockFi proposes to exchange Algorand (ALGO), Bitcoin Cash (BCH), Dogecoin (DOGE) for GUSD or other stablecoins. (Cointelegraph) In previous news, on August 17, BlockFi stated that it has opened the function of withdrawing digital assets from BlockFi wallet accounts for qualified customers in accordance with court authorization. BlockFi recommends all customers check their email or BlockFi app to see if they are currently eligible. BlockFi expects that as the court proceedings progress, more customers, including international ones, will be eligible to withdraw digital assets from their wallet accounts.