BlockFi Estate has announced that US clients will receive 100% of their eligible claims within the next 90 days following a settlement with FTX and Alameda.
Points
- US clients to receive 100% of eligible claims within 90 days.
- BlockFi reached a $874.5 million settlement with FTX and Alameda.
- Clients need to set up a Coinbase account by August 23 to receive crypto claims.
- International clients will face longer wait times due to regulatory requirements.
BlockFi Estate has confirmed that US clients will receive 100% of their eligible claims within the next 90 days. This follows BlockFi’s $874.5 million principal settlement with FTX and Alameda, which was reached earlier this month.
To receive their claims in cryptocurrency, clients must set up a Coinbase account by August 23. Those who do not have a Coinbase account will receive their distributions in cash. BlockFi has prioritized the safety of client assets and is working on the final distribution plan.
https://twitter.com/BlockFi/status/1816608998763688300
International clients, however, will have to wait longer due to the additional identity verification and regulatory requirements in Bermuda. BlockFi is expediting the necessary diligence to ensure timely distributions and will reach out to international customers to provide necessary information.
解説
- Principal Settlement: An agreement to pay a specific amount to settle claims, often used in legal contexts to resolve disputes without admitting guilt.
- Coinbase Account: A digital wallet provided by Coinbase, one of the largest cryptocurrency exchanges, used to store, buy, and sell cryptocurrencies.
- Regulatory Requirements: Legal obligations imposed by authorities to ensure compliance with laws, often involving processes like identity verification （Know Your Customer, KYC）.