BlockFi

BlockFi is a cryptocurrency exchange and financial services platform focused on providing a range of offerings for both retail and institutional clients. Since emerging from bankruptcy in October 2023, BlockFi has been working to facilitate distributions to its clients, particularly those with outstanding claims. With distributions now open to international clients, non-U.S. clients need to complete the necessary remediation process by May 15, 2025, to secure their funds.

BlockFi enables users to earn interest on their cryptocurrency holdings through its BlockFi Interest Accounts (BIAs), which have offered competitive annual percentage yields (APYs) across various cryptocurrencies. Despite pausing operations in November 2022, the platform has aimed to return 100% of eligible claims to clients. As part of its restructuring efforts, BlockFi is collaborating with partners like Coinbase to manage distributions, ensuring that clients can access their funds securely and in compliance with regulations.

Security remains a priority for BlockFi, particularly in light of past phishing attempts targeting its clients. The platform has implemented measures, including a robust identity verification process, to ensure that all clients can safely access their beneficiaries. Those who have not yet received their distributions are advised to review their emails for instructions and to utilize the official outreach channels listed on the BlockFi website to avoid scams. Clients are encouraged to act promptly to complete the requirements for their distributions.