BlockFi: Creditors can now submit proof of claim, which will expire on April 1

On February 14, BlockFi, the encryption and lending company that has filed for bankruptcy, tweeted today: “From today on, BlockFi customers will receive important information about the proof of the claim process from Kroll, the claim agent of BlockFi, via email and/or email. The deadline for submitting the proof of claim is 17:00 EST on March 31, 2023 (06:00 Beijing time on April 1).”

BlockFi: Creditors can now submit proof of claim, which will expire on April 1

Interpretation of this information:

BlockFi is an encryption and lending company that has filed for bankruptcy. In light of this development, the company has taken measures to keep its customers informed about the proof of claim process. According to a recent tweet from the company, BlockFi’s customers will receive important information from Kroll, the claim agent of BlockFi, via email and/or post. This information is critical for the customers to understand the process of filing a claim, and the deadline for submission.

The proof of claim process is a legal process used by businesses during bankruptcy proceedings. In a nutshell, it is a formal request for payment from the debtor company. In this case, BlockFi’s customers will need to file a proof of claim to request payment for any money owed by the company. According to the tweet, the deadline for submitting a proof of claim is March 31, 2023, at 17:00 EST (06:00 Beijing time on April 1).

This announcement is crucial for BlockFi’s customers because it informs them of important dates and procedures they need to follow during the bankruptcy proceedings. Since the company has filed for bankruptcy, there is a risk that customers may not be able to recover their money. Therefore, it is essential that they file a proof of claim to stand a chance of getting their funds back.

In sum, BlockFi customers have been advised to keep an eye out for emails and/or letters from Kroll, which will provide them with details on how to submit a proof of claim. This information is necessary for customers who want to try to recover money owed by the defunct company. The deadline to file the proof of claim is March 31, 2023, at 17:00 EST, so it is important for customers to act promptly.

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