BlockFi claims filing deadline is May 15, only 43% of non-US customers have completed claims

CoinRank News: Bankrupt cryptocurrency lending company BlockFi said creditors have until May 15 to claim their distributions, and so far 97% of U.S. customers have claimed their distributions, while only 43% of non-U.S. customers have received their distributions. One possible reason for the undercount is that people believe BlockFi Estates messages asking customers to select a payment method are spam or phishing attacks. Some customers may need to complete a KYC identity verification process to receive their distributions. BlockFi strongly recommends that all customers who have not yet received a distribution or completed this process do so before May 15, 2025. Bankruptcy law stipulates that assets not claimed by customers by the May 15 deadline will be shared by other unsecured creditors with lower claims. BlockFi filed for bankruptcy in November 2022 and announced a plan in July 2024 to distribute 100% of the dollar value of customer claims at the time of the bankruptcy filing. (CoinDesk)