BlockFi: The platform is about to close and cooperates with Coinbase to distribute digital assets

Cryptocurrency loan platform BlockFi announced a partnership with Coinbase, which will serve as BlockFi's distribution partner to ensure that eligible BlockFi interest accounts (BIA), retail loans and private customers can continue to withdraw crypto assets. BlockFi said that for customers who fail to withdraw digital assets from the BlockFi platform within the prescribed time, these assets will continue to be available for withdrawal through Coinbase accounts. If a customer does not open an approved account with Coinbase, the digital assets they deserve may be liquidated for cash. In addition, the BlockFi network platform will be closed in May 2024, and the specific date has not yet been determined. BlockFi recommends that customers download their transaction history, tax forms and other important data before the closing date. BlockFi emphasizes that it will not cooperate with any other provider for digital asset distribution, and reminds customers to be vigilant against fraud attempts by third-party criminals. Customer communication will only be conducted through official email channels, social media @BlockFi, and bankruptcy administrator Kroll.