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Bitcoin-Explain to me how to buy these things (2 Viewers)

So it seems as though Blockfi might actually be returning some money. Anyone else here keeping up with this? just got this email.


In the coming weeks, we expect to begin opening withdrawals of digital assets from BlockFi Wallet accounts for eligible clients. At that time, we will send you an email regarding your eligibility status, which is being determined in coordination with the Unsecured Creditors’ Committee in accordance with the authorization provided by the Court in the Wallet Order.

We appreciate your patience as we take the final steps to prepare our platform to facilitate withdrawals quickly, safely, accurately, and in compliance with the Court.

We will provide additional information about the withdrawal process and your individual eligibility status in the coming weeks. In the meantime, we encourage all clients to take the following steps to the extent you have not already done so:
1.Create an External Wallet: At this time, BlockFi will only support withdrawal of digital assets to external digital asset wallets. Clients will be able to make withdrawals to the third-party provider of their choice. BlockFi cannot recommend clients use a specific platform, and we encourage clients to perform their own diligence to ensure that their assets are transferred safely and securely.

2.Turn on Allowlisting for BlockFi: Allowlisting is a security feature which, when enabled, only allows you to withdraw from your BlockFi account to addresses that have been saved in your Wallet Address Book. We recommend all clients take this action as it significantly reduces the risk of impact to your account by a bad actor. Instructions on how to turn on Allowlisting are available here.

3. Add Your External Wallet of Choice to Allowlisting: Once you have Allowlisting enabled, please visit the “Crypto Addresses” page within your Profile Settings on the BlockFi website to add an external wallet address to your BlockFi account. Please note that when a new wallet address is added to Allowlisting, there will be a seven-day waiting period before a withdrawal request can be submitted.
Please see below for frequently asked questions about the upcoming withdrawal process. Additional information regarding BlockFi’s chapter 11 cases can be found by visiting Kroll’s website at: https://restructuring.ra.kroll.com/blockfi. With questions about the Wallet withdrawal process, clients may contact Kroll at (888) 773-0375 (Toll Free) or (646) 440-4371 (International), or email blockfiinfo@ra.kroll.com.

BlockFi

Frequently Asked Questions

Will all clients be eligible to withdraw at the same time?

Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Will clients be able to withdraw from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) account?
Assets in BIA and BPC will be distributed in accordance with the chapter 11 plan approved by the court. The Court has not made any further determinations regarding customer withdrawal eligibility for BIA accounts at this time. We will continue to communicate as determinations are made.

Will there be fees for withdrawals?
Blockchain withdrawals are subject to transaction fees from the blockchain network. Please see here for the BlockFi Fee Schedule for various digital currencies. These fees are calculated based on transaction processing costs and may be adjusted based on market conditions. If the fees are greater than your wallet balance, you will not be able to withdraw your funds, as per the order entered by the Court on July 14, 2023.

Will I be able to withdraw cash instead of digital assets from my BlockFi Wallet account?
At this time, BlockFi intends to allow clients to withdraw digital assets from BlockFi Wallet accounts to external wallets and will not be facilitating cash distributions.
I'm still skeptical, but at this point any sort of recovery is good with me.

I've set up everything in my account I believe. The only thing I'm confused about is what form is it going to be available in? Say I have .5 BTC. When it comes my turn to withdraw, will it be in BTC form still and I send that to my Coinbase account?

I was initially under the impression that it all converted to USDT, but I might have made that part up.
 
So it seems as though Blockfi might actually be returning some money. Anyone else here keeping up with this? just got this email.


In the coming weeks, we expect to begin opening withdrawals of digital assets from BlockFi Wallet accounts for eligible clients. At that time, we will send you an email regarding your eligibility status, which is being determined in coordination with the Unsecured Creditors’ Committee in accordance with the authorization provided by the Court in the Wallet Order.

We appreciate your patience as we take the final steps to prepare our platform to facilitate withdrawals quickly, safely, accurately, and in compliance with the Court.

We will provide additional information about the withdrawal process and your individual eligibility status in the coming weeks. In the meantime, we encourage all clients to take the following steps to the extent you have not already done so:
1.Create an External Wallet: At this time, BlockFi will only support withdrawal of digital assets to external digital asset wallets. Clients will be able to make withdrawals to the third-party provider of their choice. BlockFi cannot recommend clients use a specific platform, and we encourage clients to perform their own diligence to ensure that their assets are transferred safely and securely.

2.Turn on Allowlisting for BlockFi: Allowlisting is a security feature which, when enabled, only allows you to withdraw from your BlockFi account to addresses that have been saved in your Wallet Address Book. We recommend all clients take this action as it significantly reduces the risk of impact to your account by a bad actor. Instructions on how to turn on Allowlisting are available here.

3. Add Your External Wallet of Choice to Allowlisting: Once you have Allowlisting enabled, please visit the “Crypto Addresses” page within your Profile Settings on the BlockFi website to add an external wallet address to your BlockFi account. Please note that when a new wallet address is added to Allowlisting, there will be a seven-day waiting period before a withdrawal request can be submitted.
Please see below for frequently asked questions about the upcoming withdrawal process. Additional information regarding BlockFi’s chapter 11 cases can be found by visiting Kroll’s website at: https://restructuring.ra.kroll.com/blockfi. With questions about the Wallet withdrawal process, clients may contact Kroll at (888) 773-0375 (Toll Free) or (646) 440-4371 (International), or email blockfiinfo@ra.kroll.com.

BlockFi

Frequently Asked Questions

Will all clients be eligible to withdraw at the same time?

Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Will clients be able to withdraw from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) account?
Assets in BIA and BPC will be distributed in accordance with the chapter 11 plan approved by the court. The Court has not made any further determinations regarding customer withdrawal eligibility for BIA accounts at this time. We will continue to communicate as determinations are made.

Will there be fees for withdrawals?
Blockchain withdrawals are subject to transaction fees from the blockchain network. Please see here for the BlockFi Fee Schedule for various digital currencies. These fees are calculated based on transaction processing costs and may be adjusted based on market conditions. If the fees are greater than your wallet balance, you will not be able to withdraw your funds, as per the order entered by the Court on July 14, 2023.

Will I be able to withdraw cash instead of digital assets from my BlockFi Wallet account?
At this time, BlockFi intends to allow clients to withdraw digital assets from BlockFi Wallet accounts to external wallets and will not be facilitating cash distributions.
I'm still skeptical, but at this point any sort of recovery is good with me.

I've set up everything in my account I believe. The only thing I'm confused about is what form is it going to be available in? Say I have .5 BTC. When it comes my turn to withdraw, will it be in BTC form still and I send that to my Coinbase account?

I was initially under the impression that it all converted to USDT, but I might have made that part up.
I have my Uphold btc wallet as my wallet of choice (I only have btc in my BlockFi account). I understand, from the email, that doing this will allow the transfer of btc as btc to my external btc wallet address. If I can be kept whole, or close to it, I'll be happy.
 
So it seems as though Blockfi might actually be returning some money. Anyone else here keeping up with this? just got this email.


In the coming weeks, we expect to begin opening withdrawals of digital assets from BlockFi Wallet accounts for eligible clients. At that time, we will send you an email regarding your eligibility status, which is being determined in coordination with the Unsecured Creditors’ Committee in accordance with the authorization provided by the Court in the Wallet Order.

We appreciate your patience as we take the final steps to prepare our platform to facilitate withdrawals quickly, safely, accurately, and in compliance with the Court.

We will provide additional information about the withdrawal process and your individual eligibility status in the coming weeks. In the meantime, we encourage all clients to take the following steps to the extent you have not already done so:
1.Create an External Wallet: At this time, BlockFi will only support withdrawal of digital assets to external digital asset wallets. Clients will be able to make withdrawals to the third-party provider of their choice. BlockFi cannot recommend clients use a specific platform, and we encourage clients to perform their own diligence to ensure that their assets are transferred safely and securely.

2.Turn on Allowlisting for BlockFi: Allowlisting is a security feature which, when enabled, only allows you to withdraw from your BlockFi account to addresses that have been saved in your Wallet Address Book. We recommend all clients take this action as it significantly reduces the risk of impact to your account by a bad actor. Instructions on how to turn on Allowlisting are available here.

3. Add Your External Wallet of Choice to Allowlisting: Once you have Allowlisting enabled, please visit the “Crypto Addresses” page within your Profile Settings on the BlockFi website to add an external wallet address to your BlockFi account. Please note that when a new wallet address is added to Allowlisting, there will be a seven-day waiting period before a withdrawal request can be submitted.
Please see below for frequently asked questions about the upcoming withdrawal process. Additional information regarding BlockFi’s chapter 11 cases can be found by visiting Kroll’s website at: https://restructuring.ra.kroll.com/blockfi. With questions about the Wallet withdrawal process, clients may contact Kroll at (888) 773-0375 (Toll Free) or (646) 440-4371 (International), or email blockfiinfo@ra.kroll.com.

BlockFi

Frequently Asked Questions

Will all clients be eligible to withdraw at the same time?

Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Will clients be able to withdraw from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) account?
Assets in BIA and BPC will be distributed in accordance with the chapter 11 plan approved by the court. The Court has not made any further determinations regarding customer withdrawal eligibility for BIA accounts at this time. We will continue to communicate as determinations are made.

Will there be fees for withdrawals?
Blockchain withdrawals are subject to transaction fees from the blockchain network. Please see here for the BlockFi Fee Schedule for various digital currencies. These fees are calculated based on transaction processing costs and may be adjusted based on market conditions. If the fees are greater than your wallet balance, you will not be able to withdraw your funds, as per the order entered by the Court on July 14, 2023.

Will I be able to withdraw cash instead of digital assets from my BlockFi Wallet account?
At this time, BlockFi intends to allow clients to withdraw digital assets from BlockFi Wallet accounts to external wallets and will not be facilitating cash distributions.
I'm still skeptical, but at this point any sort of recovery is good with me.

I've set up everything in my account I believe. The only thing I'm confused about is what form is it going to be available in? Say I have .5 BTC. When it comes my turn to withdraw, will it be in BTC form still and I send that to my Coinbase account?

I was initially under the impression that it all converted to USDT, but I might have made that part up.
I have my Uphold btc wallet as my wallet of choice (I only have btc in my BlockFi account). I understand, from the email, that doing this will allow the transfer of btc as btc to my external btc wallet address. If I can be kept whole, or close to it, I'll be happy.
Okay, thats how I was reading this too. I have mostly BTC, a bit of ETH and a handful of LTC. I have them all ready.

I don't like this part of the email, unless I'm the first.

Will all clients be eligible to withdraw at the same time?
Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.
 
Back up to about 1.6MM hex shares :banned:or :tfp: Here I come!

Current price .0199
I follow this guy as part of my financial twitter list and he’s not always right but he’s right pretty often.

Tread carefully.


Well there it is. Can’t say the signs weren’t all there unless you didn’t want to see them.
I know it was a gamble and people are kinda hating.

im not happy

still figuring out what to do.

XRP also got called out and won/winning.

I do not think hex is a scam (guy has more money than god without scamming) but am worried if it can recover.

wish me luck
 
actually had a stake come up yesterday.

Send 308,378.3368 HEX from Ethereum
and receive
307,453.2018 HEX on PulseChain

About $1800
 
Meanwhile back at the farm, Paypal launches its own crypto stablecoin, on the ETH blockchain, with which you can bypass Mastercard, Visa, etc. networks for sending payments. :coffee:

 
Meanwhile back at the farm, Paypal launches its own crypto stablecoin, on the ETH blockchain, with which you can bypass Mastercard, Visa, etc. networks for sending payments. :coffee:

imagine if they use DOGE for something. oh wait. I have been forever. currently dont own doge but friends do and rooting for them
 
Meanwhile back at the farm, Paypal launches its own crypto stablecoin, on the ETH blockchain, with which you can bypass Mastercard, Visa, etc. networks for sending payments. :coffee:

imagine if they use DOGE for something. oh wait. I have been forever. currently dont own doge but friends do and rooting for them
I have a little bit, just bc I think Elon is going to make something happen with it, no other reason :lol:
 
Meanwhile back at the farm, Paypal launches its own crypto stablecoin, on the ETH blockchain, with which you can bypass Mastercard, Visa, etc. networks for sending payments. :coffee:

This is the type of thing that goes back to my original thought that I don’t see the reason for coins to be investments. PayPal can easily create a new coin that has no invest-ability so they can charge 1.5% transaction fees (and make 1%) instead of using Visa/MC and charge 2.5% but only make 0.5%. Numbers are arbitrary but hopefully make sense.

I see cryptocurrencies being used in the future to decrease transaction fees and speed up payment clearing, but I think the coin values will go away as utility rises and it becomes more or less a transaction fee type process.

Still not sure if the digital gold (bitcoin) scenario holds on forever or not.
 
So it seems as though Blockfi might actually be returning some money. Anyone else here keeping up with this? just got this email.


In the coming weeks, we expect to begin opening withdrawals of digital assets from BlockFi Wallet accounts for eligible clients. At that time, we will send you an email regarding your eligibility status, which is being determined in coordination with the Unsecured Creditors’ Committee in accordance with the authorization provided by the Court in the Wallet Order.

We appreciate your patience as we take the final steps to prepare our platform to facilitate withdrawals quickly, safely, accurately, and in compliance with the Court.

We will provide additional information about the withdrawal process and your individual eligibility status in the coming weeks. In the meantime, we encourage all clients to take the following steps to the extent you have not already done so:
1.Create an External Wallet: At this time, BlockFi will only support withdrawal of digital assets to external digital asset wallets. Clients will be able to make withdrawals to the third-party provider of their choice. BlockFi cannot recommend clients use a specific platform, and we encourage clients to perform their own diligence to ensure that their assets are transferred safely and securely.

2.Turn on Allowlisting for BlockFi: Allowlisting is a security feature which, when enabled, only allows you to withdraw from your BlockFi account to addresses that have been saved in your Wallet Address Book. We recommend all clients take this action as it significantly reduces the risk of impact to your account by a bad actor. Instructions on how to turn on Allowlisting are available here.

3. Add Your External Wallet of Choice to Allowlisting: Once you have Allowlisting enabled, please visit the “Crypto Addresses” page within your Profile Settings on the BlockFi website to add an external wallet address to your BlockFi account. Please note that when a new wallet address is added to Allowlisting, there will be a seven-day waiting period before a withdrawal request can be submitted.
Please see below for frequently asked questions about the upcoming withdrawal process. Additional information regarding BlockFi’s chapter 11 cases can be found by visiting Kroll’s website at: https://restructuring.ra.kroll.com/blockfi. With questions about the Wallet withdrawal process, clients may contact Kroll at (888) 773-0375 (Toll Free) or (646) 440-4371 (International), or email blockfiinfo@ra.kroll.com.

BlockFi

Frequently Asked Questions

Will all clients be eligible to withdraw at the same time?

Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Will clients be able to withdraw from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) account?
Assets in BIA and BPC will be distributed in accordance with the chapter 11 plan approved by the court. The Court has not made any further determinations regarding customer withdrawal eligibility for BIA accounts at this time. We will continue to communicate as determinations are made.

Will there be fees for withdrawals?
Blockchain withdrawals are subject to transaction fees from the blockchain network. Please see here for the BlockFi Fee Schedule for various digital currencies. These fees are calculated based on transaction processing costs and may be adjusted based on market conditions. If the fees are greater than your wallet balance, you will not be able to withdraw your funds, as per the order entered by the Court on July 14, 2023.

Will I be able to withdraw cash instead of digital assets from my BlockFi Wallet account?
At this time, BlockFi intends to allow clients to withdraw digital assets from BlockFi Wallet accounts to external wallets and will not be facilitating cash distributions.
I'm still skeptical, but at this point any sort of recovery is good with me.

I've set up everything in my account I believe. The only thing I'm confused about is what form is it going to be available in? Say I have .5 BTC. When it comes my turn to withdraw, will it be in BTC form still and I send that to my Coinbase account?

I was initially under the impression that it all converted to USDT, but I might have made that part up.
I have my Uphold btc wallet as my wallet of choice (I only have btc in my BlockFi account). I understand, from the email, that doing this will allow the transfer of btc as btc to my external btc wallet address. If I can be kept whole, or close to it, I'll be happy.
Okay, thats how I was reading this too. I have mostly BTC, a bit of ETH and a handful of LTC. I have them all ready.

I don't like this part of the email, unless I'm the first.

Will all clients be eligible to withdraw at the same time?
Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Sounds like I need to read the last email a little more thoroughly, as I haven't done anything to prepare. Just assumed they'd send me a check for some percentage of what my crypto was worth at the time of bankruptcy.
 
So it seems as though Blockfi might actually be returning some money. Anyone else here keeping up with this? just got this email.


In the coming weeks, we expect to begin opening withdrawals of digital assets from BlockFi Wallet accounts for eligible clients. At that time, we will send you an email regarding your eligibility status, which is being determined in coordination with the Unsecured Creditors’ Committee in accordance with the authorization provided by the Court in the Wallet Order.

We appreciate your patience as we take the final steps to prepare our platform to facilitate withdrawals quickly, safely, accurately, and in compliance with the Court.

We will provide additional information about the withdrawal process and your individual eligibility status in the coming weeks. In the meantime, we encourage all clients to take the following steps to the extent you have not already done so:
1.Create an External Wallet: At this time, BlockFi will only support withdrawal of digital assets to external digital asset wallets. Clients will be able to make withdrawals to the third-party provider of their choice. BlockFi cannot recommend clients use a specific platform, and we encourage clients to perform their own diligence to ensure that their assets are transferred safely and securely.

2.Turn on Allowlisting for BlockFi: Allowlisting is a security feature which, when enabled, only allows you to withdraw from your BlockFi account to addresses that have been saved in your Wallet Address Book. We recommend all clients take this action as it significantly reduces the risk of impact to your account by a bad actor. Instructions on how to turn on Allowlisting are available here.

3. Add Your External Wallet of Choice to Allowlisting: Once you have Allowlisting enabled, please visit the “Crypto Addresses” page within your Profile Settings on the BlockFi website to add an external wallet address to your BlockFi account. Please note that when a new wallet address is added to Allowlisting, there will be a seven-day waiting period before a withdrawal request can be submitted.
Please see below for frequently asked questions about the upcoming withdrawal process. Additional information regarding BlockFi’s chapter 11 cases can be found by visiting Kroll’s website at: https://restructuring.ra.kroll.com/blockfi. With questions about the Wallet withdrawal process, clients may contact Kroll at (888) 773-0375 (Toll Free) or (646) 440-4371 (International), or email blockfiinfo@ra.kroll.com.

BlockFi

Frequently Asked Questions

Will all clients be eligible to withdraw at the same time?

Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Will clients be able to withdraw from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) account?
Assets in BIA and BPC will be distributed in accordance with the chapter 11 plan approved by the court. The Court has not made any further determinations regarding customer withdrawal eligibility for BIA accounts at this time. We will continue to communicate as determinations are made.

Will there be fees for withdrawals?
Blockchain withdrawals are subject to transaction fees from the blockchain network. Please see here for the BlockFi Fee Schedule for various digital currencies. These fees are calculated based on transaction processing costs and may be adjusted based on market conditions. If the fees are greater than your wallet balance, you will not be able to withdraw your funds, as per the order entered by the Court on July 14, 2023.

Will I be able to withdraw cash instead of digital assets from my BlockFi Wallet account?
At this time, BlockFi intends to allow clients to withdraw digital assets from BlockFi Wallet accounts to external wallets and will not be facilitating cash distributions.
I'm still skeptical, but at this point any sort of recovery is good with me.

I've set up everything in my account I believe. The only thing I'm confused about is what form is it going to be available in? Say I have .5 BTC. When it comes my turn to withdraw, will it be in BTC form still and I send that to my Coinbase account?

I was initially under the impression that it all converted to USDT, but I might have made that part up.
I have my Uphold btc wallet as my wallet of choice (I only have btc in my BlockFi account). I understand, from the email, that doing this will allow the transfer of btc as btc to my external btc wallet address. If I can be kept whole, or close to it, I'll be happy.
Okay, thats how I was reading this too. I have mostly BTC, a bit of ETH and a handful of LTC. I have them all ready.

I don't like this part of the email, unless I'm the first.

Will all clients be eligible to withdraw at the same time?
Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Sounds like I need to read the last email a little more thoroughly, as I haven't done anything to prepare. Just assumed they'd send me a check for some percentage of what my crypto was worth at the time of bankruptcy.
If I understood correctly, once whitelisted, you can export your BTC (or whatever coin you have in your rewards wallet) to your external wallet of choice (Metamask, Ledger, etc.).
 
So it seems as though Blockfi might actually be returning some money. Anyone else here keeping up with this? just got this email.


In the coming weeks, we expect to begin opening withdrawals of digital assets from BlockFi Wallet accounts for eligible clients. At that time, we will send you an email regarding your eligibility status, which is being determined in coordination with the Unsecured Creditors’ Committee in accordance with the authorization provided by the Court in the Wallet Order.

We appreciate your patience as we take the final steps to prepare our platform to facilitate withdrawals quickly, safely, accurately, and in compliance with the Court.

We will provide additional information about the withdrawal process and your individual eligibility status in the coming weeks. In the meantime, we encourage all clients to take the following steps to the extent you have not already done so:
1.Create an External Wallet: At this time, BlockFi will only support withdrawal of digital assets to external digital asset wallets. Clients will be able to make withdrawals to the third-party provider of their choice. BlockFi cannot recommend clients use a specific platform, and we encourage clients to perform their own diligence to ensure that their assets are transferred safely and securely.

2.Turn on Allowlisting for BlockFi: Allowlisting is a security feature which, when enabled, only allows you to withdraw from your BlockFi account to addresses that have been saved in your Wallet Address Book. We recommend all clients take this action as it significantly reduces the risk of impact to your account by a bad actor. Instructions on how to turn on Allowlisting are available here.

3. Add Your External Wallet of Choice to Allowlisting: Once you have Allowlisting enabled, please visit the “Crypto Addresses” page within your Profile Settings on the BlockFi website to add an external wallet address to your BlockFi account. Please note that when a new wallet address is added to Allowlisting, there will be a seven-day waiting period before a withdrawal request can be submitted.
Please see below for frequently asked questions about the upcoming withdrawal process. Additional information regarding BlockFi’s chapter 11 cases can be found by visiting Kroll’s website at: https://restructuring.ra.kroll.com/blockfi. With questions about the Wallet withdrawal process, clients may contact Kroll at (888) 773-0375 (Toll Free) or (646) 440-4371 (International), or email blockfiinfo@ra.kroll.com.

BlockFi

Frequently Asked Questions

Will all clients be eligible to withdraw at the same time?

Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Will clients be able to withdraw from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) account?
Assets in BIA and BPC will be distributed in accordance with the chapter 11 plan approved by the court. The Court has not made any further determinations regarding customer withdrawal eligibility for BIA accounts at this time. We will continue to communicate as determinations are made.

Will there be fees for withdrawals?
Blockchain withdrawals are subject to transaction fees from the blockchain network. Please see here for the BlockFi Fee Schedule for various digital currencies. These fees are calculated based on transaction processing costs and may be adjusted based on market conditions. If the fees are greater than your wallet balance, you will not be able to withdraw your funds, as per the order entered by the Court on July 14, 2023.

Will I be able to withdraw cash instead of digital assets from my BlockFi Wallet account?
At this time, BlockFi intends to allow clients to withdraw digital assets from BlockFi Wallet accounts to external wallets and will not be facilitating cash distributions.
I'm still skeptical, but at this point any sort of recovery is good with me.

I've set up everything in my account I believe. The only thing I'm confused about is what form is it going to be available in? Say I have .5 BTC. When it comes my turn to withdraw, will it be in BTC form still and I send that to my Coinbase account?

I was initially under the impression that it all converted to USDT, but I might have made that part up.
I have my Uphold btc wallet as my wallet of choice (I only have btc in my BlockFi account). I understand, from the email, that doing this will allow the transfer of btc as btc to my external btc wallet address. If I can be kept whole, or close to it, I'll be happy.
Okay, thats how I was reading this too. I have mostly BTC, a bit of ETH and a handful of LTC. I have them all ready.

I don't like this part of the email, unless I'm the first.

Will all clients be eligible to withdraw at the same time?
Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Sounds like I need to read the last email a little more thoroughly, as I haven't done anything to prepare. Just assumed they'd send me a check for some percentage of what my crypto was worth at the time of bankruptcy.
Yeah, I think I posted the email with the instructions you needed to get it moved from Blockfi to another wallet quickly. I feel like this is going to be like trying to get Taylor Swift tickets.

I'm still refusing to get my hopes up over any of this.
 

This is a step in the right direction for the mass adoption of crypto. The big boys are making their moves somewhat quietly, but it's coming.
 
So it seems as though Blockfi might actually be returning some money. Anyone else here keeping up with this? just got this email.


In the coming weeks, we expect to begin opening withdrawals of digital assets from BlockFi Wallet accounts for eligible clients. At that time, we will send you an email regarding your eligibility status, which is being determined in coordination with the Unsecured Creditors’ Committee in accordance with the authorization provided by the Court in the Wallet Order.

We appreciate your patience as we take the final steps to prepare our platform to facilitate withdrawals quickly, safely, accurately, and in compliance with the Court.

We will provide additional information about the withdrawal process and your individual eligibility status in the coming weeks. In the meantime, we encourage all clients to take the following steps to the extent you have not already done so:
1.Create an External Wallet: At this time, BlockFi will only support withdrawal of digital assets to external digital asset wallets. Clients will be able to make withdrawals to the third-party provider of their choice. BlockFi cannot recommend clients use a specific platform, and we encourage clients to perform their own diligence to ensure that their assets are transferred safely and securely.

2.Turn on Allowlisting for BlockFi: Allowlisting is a security feature which, when enabled, only allows you to withdraw from your BlockFi account to addresses that have been saved in your Wallet Address Book. We recommend all clients take this action as it significantly reduces the risk of impact to your account by a bad actor. Instructions on how to turn on Allowlisting are available here.

3. Add Your External Wallet of Choice to Allowlisting: Once you have Allowlisting enabled, please visit the “Crypto Addresses” page within your Profile Settings on the BlockFi website to add an external wallet address to your BlockFi account. Please note that when a new wallet address is added to Allowlisting, there will be a seven-day waiting period before a withdrawal request can be submitted.
Please see below for frequently asked questions about the upcoming withdrawal process. Additional information regarding BlockFi’s chapter 11 cases can be found by visiting Kroll’s website at: https://restructuring.ra.kroll.com/blockfi. With questions about the Wallet withdrawal process, clients may contact Kroll at (888) 773-0375 (Toll Free) or (646) 440-4371 (International), or email blockfiinfo@ra.kroll.com.

BlockFi

Frequently Asked Questions

Will all clients be eligible to withdraw at the same time?

Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Will clients be able to withdraw from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) account?
Assets in BIA and BPC will be distributed in accordance with the chapter 11 plan approved by the court. The Court has not made any further determinations regarding customer withdrawal eligibility for BIA accounts at this time. We will continue to communicate as determinations are made.

Will there be fees for withdrawals?
Blockchain withdrawals are subject to transaction fees from the blockchain network. Please see here for the BlockFi Fee Schedule for various digital currencies. These fees are calculated based on transaction processing costs and may be adjusted based on market conditions. If the fees are greater than your wallet balance, you will not be able to withdraw your funds, as per the order entered by the Court on July 14, 2023.

Will I be able to withdraw cash instead of digital assets from my BlockFi Wallet account?
At this time, BlockFi intends to allow clients to withdraw digital assets from BlockFi Wallet accounts to external wallets and will not be facilitating cash distributions.
I'm still skeptical, but at this point any sort of recovery is good with me.

I've set up everything in my account I believe. The only thing I'm confused about is what form is it going to be available in? Say I have .5 BTC. When it comes my turn to withdraw, will it be in BTC form still and I send that to my Coinbase account?

I was initially under the impression that it all converted to USDT, but I might have made that part up.
I have my Uphold btc wallet as my wallet of choice (I only have btc in my BlockFi account). I understand, from the email, that doing this will allow the transfer of btc as btc to my external btc wallet address. If I can be kept whole, or close to it, I'll be happy.
Okay, thats how I was reading this too. I have mostly BTC, a bit of ETH and a handful of LTC. I have them all ready.

I don't like this part of the email, unless I'm the first.

Will all clients be eligible to withdraw at the same time?
Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Sounds like I need to read the last email a little more thoroughly, as I haven't done anything to prepare. Just assumed they'd send me a check for some percentage of what my crypto was worth at the time of bankruptcy.
Yeah, I think I posted the email with the instructions you needed to get it moved from Blockfi to another wallet quickly. I feel like this is going to be like trying to get Taylor Swift tickets.

I'm still refusing to get my hopes up over any of this.

Cool, thanks, just went in and did that.

Of course over half of my BlockFi balance was ETH in an Interest Account......I think we're SOL on those funds, right? It's just crypto held in a wallet that we've got a chance to get out with this?
 
So it seems as though Blockfi might actually be returning some money. Anyone else here keeping up with this? just got this email.


In the coming weeks, we expect to begin opening withdrawals of digital assets from BlockFi Wallet accounts for eligible clients. At that time, we will send you an email regarding your eligibility status, which is being determined in coordination with the Unsecured Creditors’ Committee in accordance with the authorization provided by the Court in the Wallet Order.

We appreciate your patience as we take the final steps to prepare our platform to facilitate withdrawals quickly, safely, accurately, and in compliance with the Court.

We will provide additional information about the withdrawal process and your individual eligibility status in the coming weeks. In the meantime, we encourage all clients to take the following steps to the extent you have not already done so:
1.Create an External Wallet: At this time, BlockFi will only support withdrawal of digital assets to external digital asset wallets. Clients will be able to make withdrawals to the third-party provider of their choice. BlockFi cannot recommend clients use a specific platform, and we encourage clients to perform their own diligence to ensure that their assets are transferred safely and securely.

2.Turn on Allowlisting for BlockFi: Allowlisting is a security feature which, when enabled, only allows you to withdraw from your BlockFi account to addresses that have been saved in your Wallet Address Book. We recommend all clients take this action as it significantly reduces the risk of impact to your account by a bad actor. Instructions on how to turn on Allowlisting are available here.

3. Add Your External Wallet of Choice to Allowlisting: Once you have Allowlisting enabled, please visit the “Crypto Addresses” page within your Profile Settings on the BlockFi website to add an external wallet address to your BlockFi account. Please note that when a new wallet address is added to Allowlisting, there will be a seven-day waiting period before a withdrawal request can be submitted.
Please see below for frequently asked questions about the upcoming withdrawal process. Additional information regarding BlockFi’s chapter 11 cases can be found by visiting Kroll’s website at: https://restructuring.ra.kroll.com/blockfi. With questions about the Wallet withdrawal process, clients may contact Kroll at (888) 773-0375 (Toll Free) or (646) 440-4371 (International), or email blockfiinfo@ra.kroll.com.

BlockFi

Frequently Asked Questions

Will all clients be eligible to withdraw at the same time?

Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Will clients be able to withdraw from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) account?
Assets in BIA and BPC will be distributed in accordance with the chapter 11 plan approved by the court. The Court has not made any further determinations regarding customer withdrawal eligibility for BIA accounts at this time. We will continue to communicate as determinations are made.

Will there be fees for withdrawals?
Blockchain withdrawals are subject to transaction fees from the blockchain network. Please see here for the BlockFi Fee Schedule for various digital currencies. These fees are calculated based on transaction processing costs and may be adjusted based on market conditions. If the fees are greater than your wallet balance, you will not be able to withdraw your funds, as per the order entered by the Court on July 14, 2023.

Will I be able to withdraw cash instead of digital assets from my BlockFi Wallet account?
At this time, BlockFi intends to allow clients to withdraw digital assets from BlockFi Wallet accounts to external wallets and will not be facilitating cash distributions.
I'm still skeptical, but at this point any sort of recovery is good with me.

I've set up everything in my account I believe. The only thing I'm confused about is what form is it going to be available in? Say I have .5 BTC. When it comes my turn to withdraw, will it be in BTC form still and I send that to my Coinbase account?

I was initially under the impression that it all converted to USDT, but I might have made that part up.
I have my Uphold btc wallet as my wallet of choice (I only have btc in my BlockFi account). I understand, from the email, that doing this will allow the transfer of btc as btc to my external btc wallet address. If I can be kept whole, or close to it, I'll be happy.
Okay, thats how I was reading this too. I have mostly BTC, a bit of ETH and a handful of LTC. I have them all ready.

I don't like this part of the email, unless I'm the first.

Will all clients be eligible to withdraw at the same time?
Withdrawals from BlockFi Wallet accounts will be conducted in batches in accordance with the authorization provided by the Court in the Wallet Order. You will receive an email regarding your eligibility status when withdrawals are opened and we will be providing additional information throughout the withdrawal process.

Sounds like I need to read the last email a little more thoroughly, as I haven't done anything to prepare. Just assumed they'd send me a check for some percentage of what my crypto was worth at the time of bankruptcy.
Yeah, I think I posted the email with the instructions you needed to get it moved from Blockfi to another wallet quickly. I feel like this is going to be like trying to get Taylor Swift tickets.

I'm still refusing to get my hopes up over any of this.

Cool, thanks, just went in and did that.

Of course over half of my BlockFi balance was ETH in an Interest Account......I think we're SOL on those funds, right? It's just crypto held in a wallet that we've got a chance to get out with this?
I don't read it that way....and I could very well be missing it. All of my crypto was parked in their interest earning accounts. Now the interest that was earned is gone, but what we put in I believe we might get back.

My claim was showing up on that Kroll website. I'm assuming I'm "entitled" to that?
 

Of course over half of my BlockFi balance was ETH in an Interest Account......I think we're SOL on those funds, right? It's just crypto held in a wallet that we've got a chance to get out with this?
I don't read it that way....and I could very well be missing it. All of my crypto was parked in their interest earning accounts. Now the interest that was earned is gone, but what we put in I believe we might get back.

My claim was showing up on that Kroll website. I'm assuming I'm "entitled" to that?

The latest email I got from them started, "In the coming weeks, we expect to begin opening withdrawals of digital assets from BlockFi Wallet accounts" .

And then lower in the email in the FAQ:

Will clients be able to withdraw from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) account?
Assets in BIA and BPC will be distributed in accordance with the chapter 11 plan approved by the court. The Court has not made any further determinations regarding customer withdrawal eligibility for BIA accounts at this time. We will continue to communicate as determinations are made.
 
Not trying to be a smart azzaro at all, but can someone give me the cliff notes on this thread if they are bored. Winners and losers? I had people saying they were getting rich on bit coin and nfts. Now they are not doing well? Tia.
 
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Not trying to be a smart azzaro at all, but can someone give me the cliff notes on this thread if they are bored. Winners and losers? I had people saying they were getting rich on bit coin and nfts. Now they are not doing well? Tia.
I wasn't in the thread in the early going, but the cliff's notes for the last couple years is probably similar to the beginning.... People looking to get rich quick are taking a serious gamble by investing without researching first. I think in the long run, anyone who is, has been, or will invest in BTC will be in the green, even if you bought at the top at like 60K. Obviously that looks like an L at the moment, but in 6-12 months from right now, I think it will look a little differently for several reasons.
As for NFTs, I'm less convinced. Don't get me wrong, NFTs will be a HUGE technology and part of our everyday lives in the near future. But the NFTs people likely think of now, the pixelated pictures of monkeys, etc., will go by the wayside for the most part, except for maybe a couple of the first trendsetter ones like Bored Apes. I think that entire market is down across the board. There are some pretty cool NFT collectibles platforms out right now like VeVe and the new McFarlane digital collectibles one, but I'm not convinced yet that this digital collectible market is sustainable. It may depend on the overall direction and capabilities of the metaverse world.
Just my :2cents:
 
Not trying to be a smart azzaro at all, but can someone give me the cliff notes on this thread if they are bored. Winners and losers? I had people saying they were getting rich on bit coin and nfts. Now they are not doing well? Tia.
People that bought in the down market were very happy.

People that didnt cashout at the top are not
 
Just got the email that I am eligible to withdraw from my Blockfi wallet. And for some reason I figured there would be some catch. All that is in my "Wallet" is ****ing $24 of Gemini. The BTC and the 4 ETH are not available for withdrawal.

****ERS.

You have been identified as an eligible client to begin withdrawing digital assets from your BlockFi Wallet account. As authorized by the Court in the Wallet Order, at this time, eligible clients include U.S.-based BlockFi Wallet account holders who:

1. Did not withdraw or transfer more than $7,575 worth of digital assets from their BlockFi Interest Account (BIA) or BlockFi Private Client (BPC) on or after November 2, 2022;

2. Did not hold any trade-only assets in their Wallet at the time of Platform Pause on November 10, 2022, at 8:15 P.M. E.T.

As we continue processing Wallet withdrawals, we expect additional clients to become eligible for withdrawals based on their account activity.

You can now log in to your BlockFi account through the app or on a web browser and navigate to your Wallet account to see the currencies and amounts that are currently available for withdrawal. Wallet account balances were calculated based on the digital assets in your Wallet account at the time of the Platform Pause. If you initiated a trade, transfer, or withdrawal request after the Platform Pause, these transactions have been updated as displayed in the “Transaction History” section of the dashboard page in your account. Claims for BIA and BPC accounts will be administered through the bankruptcy process and will not be eligible for withdrawal.
 
Yeah I got that, too. Just submitted a withdrawal for about $4K worth of BTC, although it did say it could take up to 90 days to process. And the $9 in GUSD I have in there would take $11 in fees to withdraw, so I've got that going for me, which is nice.

And like you @jb1020 I have funds sitting in the interest account I can't get out, about $2K worth of ETH, and I don't anticipate we ever get that back.

Yay, crypto!!!!
 
Yeah I got that, too. Just submitted a withdrawal for about $4K worth of BTC, although it did say it could take up to 90 days to process. And the $9 in GUSD I have in there would take $11 in fees to withdraw, so I've got that going for me, which is nice.

And like you @jb1020 I have funds sitting in the interest account I can't get out, about $2K worth of ETH, and I don't anticipate we ever get that back.

Yay, crypto!!!!
unfortunately I had all of my crypto sitting in the interest account. I though, just stash it here, this was I won't piss it away day trading this stuff.

Yay Crypto.
 
Buckle up, we going to about 23K boys. And ETH likely to ~1500 or so. This may be the last chance to buy BTC & ETH (and hence, everything else) at these prices. #notfinancialadvice :coffee:

Why, because after that we'll be able to buy it at $15K? And then $5K?

What's behind the two big drops today? Holders finally throwing in the towel after it's inability to break through the $30Kish range? Hedge funds going short? And what's to keep it from dropping back to the late '22 lows in the $16K-$17K range? $20K-$21K seems like it could be a key level, but don't see much in the way of support before there.
 
Buckle up, we going to about 23K boys. And ETH likely to ~1500 or so. This may be the last chance to buy BTC & ETH (and hence, everything else) at these prices. #notfinancialadvice :coffee:

Why, because after that we'll be able to buy it at $15K? And then $5K?

What's behind the two big drops today? Holders finally throwing in the towel after it's inability to break through the $30Kish range? Hedge funds going short? And what's to keep it from dropping back to the late '22 lows in the $16K-$17K range? $20K-$21K seems like it could be a key level, but don't see much in the way of support before there.
I'm still learning here. IMHO, 20K is def a key level, but there's a good bit of stickiness and higher volume in the 22-23K range we'd have to plow through first. Could happen I suppose. If we happened to break through that 16K is another sticking point. After that, 12-14K. If it were to get down to that low, I don't think it will ever go below that again. Too much demand from the big boys at this point, IMO.

I think the drops today have a lot to do with China's economy. There wasn't any big news in the crypto space that I'm aware of. There's been several longer term indicators indicating we could be on the verge of a drop. I guess the trigger today was the news out of China and the reaction by the S&P.
 
Submitted my withdrawal request.
Status is Pending.
Now I wait. Hopefully not the whole 90 days.
:popcorn:
Apparently I neglected/incorrectly did the identity thing. Withdrawal request was cancelled .I just resubmitted. Hopefully everything is correct this time.
 
Looks like Celsius is surprisingly returning a bigger chunk of funds than I ever thought they would. Pretty surprised at how much all of BlockFi, Voyager, and Celsius ended up returning. I didn't follow FTX at all so not sure if those folks got anything back.
 
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Looks like Celsius is surprisingly return a bigger chunk of funds than I ever thought they would. Pretty surprised at how much all of BlockFi, Voyager, and Celsius ended up returning. I didn't follow FTX at all so not sure if those folks got anything back.
Cast my ballot last night to ensure I don't get clawed back. Glad that fiasco is over. I was anxious for a while about getting sued.
 
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Started with $10 in my trading account. Making baby trades to get familiar with the mechanics, and to gain confidence in my abilities to predict. Have probably 50/50 success rate thus far but was able to identify the mistake on the ones I missed. And one I just closed too early then watched it go right where I had predicted within the hour. :wall:

Made up for it though. Shorted BTC yesterday. It closed out this morning at +900%. Up to $27. Lambos coming soon! :lol:
 

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