BlockFi claims deadline is May 15, with only 43% of non-U.S. customers claiming

ChainCatcher news, according to CoinDesk, the bankrupt cryptocurrency lending platform BlockFi has announced that creditors must complete their asset claim by May 15, 2025, or unclaimed assets will be transferred to other unsecured creditors. Currently, the claim rate for U.S. customers has reached 97%, while only 43% of non-U.S. customers have completed their claims.

BlockFi stated that the low claim rate may be due to some customers mistakenly treating the claim notifications as spam or phishing attacks. The company emphasized that some customers may need to complete KYC verification to receive their asset distribution.

BlockFi filed for bankruptcy protection in November 2022 and announced in July 2024 that it would distribute assets at 100% of the dollar value of customer claims at the time of the bankruptcy filing. The company is now urging all eligible customers who have not yet completed their claims to act quickly to avoid missing the deadline.