BlockFi Claim Deadline is May 15th, with only 43% of non-U.S. customers having submitted their claims.

April 2nd. As per a CoinDesk report, the bankrupt cryptocurrency lending firm BlockFi stated that creditors need to claim their allocated assets by May 15th. Up to now, 97% of U.S. customers have claimed their allocation, while only 43% of non-U.S. customers have received their allocation. One potential reason for the low number of claimants is that some individuals thought that the message from the BlockFi Estate requesting customers to select a payment method was a spam email or a phishing attack. Certain customers might need to complete the KYC (Know Your Customer) identity verification process in order to receive their allocation. BlockFi strongly advises all customers who have not yet received their allocation or completed this process to do so by May 15th, 2025. Bankruptcy regulations stipulate that assets not claimed by customers prior to the May 15th deadline will be shared among other unsecured creditors with a lower priority. 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 application.