How does blockfi handle bankruptcy notices and protect its customers' digital assets?

3 answers

• Hirak Jyoti DekaOct 27, 2023 · 2 years ago
  BlockFi takes bankruptcy notices seriously and has implemented robust measures to protect its customers' digital assets. In the event of bankruptcy, BlockFi's priority is to ensure the safe return of its customers' assets. They have established partnerships with reputable custodians and use cold storage solutions to safeguard digital assets. Additionally, BlockFi has insurance coverage to protect against potential losses. Rest assured, BlockFi has taken every precaution to prioritize customer protection and asset security.
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• Tranberg HvassJan 21, 2021 · 4 years ago
  When it comes to bankruptcy notices, BlockFi has a comprehensive plan in place to protect its customers' digital assets. They work with trusted custodians who store the assets in secure cold storage. This ensures that even in the event of bankruptcy, the customers' assets remain safe and accessible. BlockFi also has insurance coverage to provide an extra layer of protection. So, you can trust that your digital assets are in good hands with BlockFi.
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• Thales P. ScarpatoOct 22, 2024 · 9 months ago
  BlockFi understands the importance of protecting its customers' digital assets, especially in the face of bankruptcy notices. They have partnered with reputable custodians who store the assets in secure offline storage, also known as cold storage. This ensures that even in the worst-case scenario, where bankruptcy is declared, the customers' assets are not at risk. BlockFi's commitment to customer protection is evident in their proactive approach to security and asset management.
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