Cryptocurrency lending company BlockFi announced the successful completion of bankruptcy proceedings and the commencement of its bankruptcy plan. BlockFi will begin to implement the planned measures, including repaying creditors according to the terms of the plan, working to recover assets from FTX, 3AC and other companies, continuing to distribute digital assets to customers, and ensuring that customer rights and interests are distributed fairly and equitably. For Wallet customers, funds can now be withdrawn. BlockFi Interest Account (BIA) and loan customers will begin receiving initial distributions in early 2024.