BlockFi announced on the X platform that it will begin the first temporary distribution of crypto assets through Coinbase in July. The full distribution process will be processed in batches in the coming months, and eligible customers will be notified by email in 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 Assets that failed to be withdrawn in time will not be liquidated into cash, but will be provided in kind. If the user creates or has an open and approved Coinbase account, it can be withdrawn from Coinbase thereafter.