BlockFi Announces Customers Might Be Able to Withdraw Assets in Summer

BlockFi yesterday announced that it expects to conclude the necessary work and testing by this summer, giving customers the ability to begin withdrawing their assets.

The company stated that only those who meet certain requirements will be eligible to receive an email notice, with customers advised to establish third-party wallets for when the process is complete.

This move follows the suspension of withdrawals in November, causing the firm to seek Chapter 11 bankruptcy protection in the subsequent weeks.