BlockFi asks court to allow it to convert some of its assets into stablecoins so users can withdraw cash

Odaily Planet Daily News BlockFi, the bankrupt crypto lending platform, filed an application with the court on August 29, requesting that the transfer of trade-only assets in user accounts be converted into stablecoins so that users can withdraw these assets. (Cointelegraph) According to previous news, BlockFi stated that it has enabled qualified customers to withdraw digital assets from BlockFi wallet accounts 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.