BlockFi confirms move to allow BlockFi wallet users access to funds

BlockFi released a statement on Dec. 20 confirming a motion filed in relation to BlockFi wallet users accessing funds.

The company is most well known for its yield-bearing service, BlockFi Interest Accounts, however, a core product within the BlockFi ecosystem was a custodial crypto wallet. The wallet was not subject to lending services and thus BlockFi argued that ” it is our belief that clients unambiguously own these assets.”

The statement comes hours after news broke through a leaked email that customers may soon be able to access funds.

Further information can be found on the BlockFi blog.

The post BlockFi confirms move to allow BlockFi wallet users access to funds appeared first on CryptoSlate.

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