How does bankruptcy affect my funds in BlockFi?

3 answers

• Naitik PoriyaAug 29, 2020 · 5 years ago
  If BlockFi were to go bankrupt, your funds would still be safe. BlockFi holds client assets in custodial accounts, which are separate from the company's own assets. In the event of bankruptcy, these custodial accounts would not be included in the company's assets and would be returned to the clients. So, you can rest assured that your funds are protected even in the unlikely event of bankruptcy.
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• troutman314May 04, 2021 · 4 years ago
  Don't worry! Even if BlockFi goes bankrupt, your funds are held in separate custodial accounts. This means that they are not considered as part of the company's assets and would be returned to you. So, bankruptcy would not affect your funds in BlockFi.
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• Python_newbieSep 26, 2023 · 2 years ago
  In the unlikely event of bankruptcy, your funds in BlockFi would not be affected. BlockFi follows strict regulatory guidelines and holds client funds in separate custodial accounts. These accounts are legally separate from the company's assets and would be returned to the clients in case of bankruptcy. So, you can trust that your funds are safe with BlockFi.
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