Crypto Lender BlockFi Wants to Resume Withdrawals

BlockFi, a crypto lending platform that suspended withdrawals in November, has filed a petition with the Bankruptcy Court of the District of New Jersey to open the withdrawal of user funds from wallet accounts.

As reported, the company also wants to receive permission to “reconcile and adjust” client interfaces to bring digital asset accounting in order. The company has attributed this to attempts to make transactions after it ceased operations last month.

According to the company lawyers, the assets in the wallet are the full property of the clients.

BlockFi suspended withdrawals on November 11 due to the FTX crisis and Alameda Research. A few days before, the founder of the platform assured all the company’s products were workable, and the business does not depend on the companies owned by the ex-FTX head.