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BlockFi custodial wallet users can be returned nearly $300 million, as a New Jersey judge ruled on Thursday May 11 that assets sitting in the wallets belong to clients Users with coins on custodial accounts, not receiving any yield from their crypto, can benefit from the $300 million in assets stock on the crypto lending platform and could recover a portion of A bankruptcy judge has ruled in favor of returning $300 million to the custodial account holders of BlockFi. The judge denied the crypto lender’s customers from laying claim to an additional BlockFi customers can be refunded early $300 million, after a bankruptcy judge said assets in custodial wallets belong to clients, not the troubled company. The judge A New Jersey judge has decided that BlockFi's custodial wallet users are entitled to receive back nearly $300 million worth of assets that were frozen after the crypto lender filed for bankruptcy Based on a May 11th ruling, BlockFi custody wallet users may receive up to $300 million as a refund. This ruling, according to a Coindesk report, comes after a bankruptcy judge clarified BlockFi custodial wallet users could receive a massive $300 million repayment from the bankrupt digital asset lender. On Thursday, a New Jersey judge ruled that

BlockFi Users Set to Reclaim $300M Held in Custodial Accounts, Judge Decides

Good news for BlockFi users! A New Jersey judge has decided that BlockFi's custodial wallet users are entitled to receive back nearly $300 million worth of assets that were frozen after the crypto lender filed for bankruptcy. On Thursday, a New Jersey judge ruled that BlockFi custodial wallet users can be returned nearly $300 million, as a New Jersey judge ruled on Thursday May 11 that assets sitting in the wallets belong to clients.

This landmark ruling means that BlockFi customers can be refunded early $300 million, after a bankruptcy judge said assets in custodial wallets belong to clients, not the troubled company. A bankruptcy judge has ruled in favor of returning $300 million to the custodial account holders of BlockFi. The judge denied the crypto lender’s customers from laying claim to an additional amount. This decision offers a significant step forward for those impacted by BlockFi's bankruptcy proceedings.

According to a Coindesk report, Based on a May 11th ruling, BlockFi custody wallet users may receive up to $300 million as a refund. This ruling...clarifies that the funds held in custodial accounts are rightfully the property of the users. BlockFi custodial wallet users could receive a massive $300 million repayment from the bankrupt digital asset lender.

Users with coins on custodial accounts, not receiving any yield from their crypto, can benefit from the $300 million in assets stock on the crypto lending platform and could recover a portion of their holdings. This provides a much-needed lifeline for many who had their assets locked up during BlockFi's financial difficulties.

This ruling is a positive development and represents a significant win for BlockFi's custodial wallet users, paving the way for the return of a substantial portion of their assets.

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