BlockFi’s Creditors’ Committee has prepared a 25 page presentation that provides an update on the status of BlockFi’s Chapter 11 cases. The presentation also answers many commonly asked questions. The presentation can be viewed here: https://t.co/4bKlp3bBvB
BlockFi’s management, advisors and other stakeholders worked diligently over the past 11 months to reach this critical milestone. We are proud to say that BlockFi reached its Effective Date more quickly and efficiently than many other retail crypto companies.
BlockFi is pleased to announce that its bankruptcy plan (the “Plan”) is effective and the company has emerged from bankruptcy as of October 24, 2023 (the “Effective Date”).
BlockFi is not making any outbound phone calls to clients at this time. Please visit our Client Security Awareness blog post for additional information on how to maintain vigilance against potential scams. https://t.co/ty6BpqHcMT
Our security team has been notified of increasing attempts from malicious actors targeting BlockFi clients, including phone calls that appear to be from our retired phone number and scam emails with malicious links claiming to be able to release client funds.
If you are a claimant and you believe you are entitled to vote on the Plan but did NOT receive a ballot, please immediately contact Kroll: (i) by submitting an inquiry at https://t.co/I7ATQvAv8O; or (ii) via email to: [email protected]
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Your choice to opt-out does not change your entitlement to recover on your claim against BlockFi
We cannot make a recommendation with respect to granting this third-party release. You may wish to consult your own attorney to determine the effects of granting such release.
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IMPORTANT ANNOUNCEMENT: We have been notified that the Debtors’ claims administrator Kroll experienced a hacking incident.
BlockFi customers should be on guard for malicious emails or attempts at account hacking.
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BlockFi customer should avoid clicking on links or responding to suspicious emails asking for account information, and ensure that any important accounts have two-factor authentication and unique passwords.
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📢 We have put together some frequently asked questions and answers about the proposed BlockFi Bankruptcy Plan.
Check out our FAQs here: https://t.co/LnY6FtWWpo
1/ We are pleased to announce that we’ve reached a settlement on the terms of a plan that the Committee can support, as set forth in our letter supporting the plan.
Read our letter here: https://t.co/ZaiPPwY5mE
2/ In the coming days, you will receive a copy of the disclosure statement approved by the Court, and your ballots. We urge you to carefully read the disclosure statement, and recommend you vote to ACCEPT the plan.