The deadline for BlockFi claims is May 15th, with only 43% of non-US customers having completed their claims

The bankrupt cryptocurrency lending company BlockFi stated that creditors must claim their allocated assets before May 15. So far, 97% of US customers have claimed their allocation, while only 43% of non-US customers have received theirs. One possible reason for the low number of claimants is that people thought the message from BlockFi Estate asking customers to choose a payment method was spam or a phishing attack. Some customers may need to complete the KYC 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 before May 15, 2025. Bankruptcy law stipulates that assets unclaimed by customers before the deadline of May 15 will be shared by other unsecured creditors with lower credit ratings. BlockFi filed for bankruptcy in November 2022 and announced a plan in July 2024 to distribute according to the dollar value of customer claims at the time of bankruptcy application, at a rate of 100%. (CoinDesk)