BlockFi: Starting in July, it plans to distribute assets through Coinbase to users who have not been able to withdraw their coins in time

Odaily News BlockFi announced on the X platform that it will begin its first temporary distribution of crypto assets through Coinbase in July. The full distribution process will be processed in batches over the next few months, and eligible customers will be notified by email to their BlockFi account. Due to applicable regulatory requirements, non-US customers are currently unable to receive funds. The bankrupt crypto CeFi platform BlockFi closed and stopped withdrawals in May this year. Assets that failed to be withdrawn in time will not be liquidated into cash, but will be provided in kind. If the user creates or has an open and approved Coinbase account, it can be withdrawn from Coinbase thereafter.