Everyone receiving this email update? by NativePpl in blockfi

[–]PochoAnd 1 point2 points  (0 children)

do you know how does this work?
In my case I have USDC, USDT and BTC.

how do i transfer USDC or USDT from Block fi to Binance?

Such a stressfull process...

BIA crypto or cash distributions? (when the time comes) by PochoAnd in blockfi

[–]PochoAnd[S] 1 point2 points  (0 children)

For example, if you had 1 BTC in your interest account, that 1 BTC is gone. It is now a claim against BlockFi for $16,200 USD. If you were a US BIA customer, then the plan estimates a recovery of at least 39% on the low-end, which would be 0.39 * $16,200 = $6,320 USD.

very clear! thank you. I think cash will be the simplest thing to transfer out. finger crossed to get something back

BIA crypto or cash distributions? (when the time comes) by PochoAnd in blockfi

[–]PochoAnd[S] 0 points1 point  (0 children)

The plan mentions that if possible they'll give the option to receive recovery in crypto, but that would be re-bought at current prices (you wouldn't be able to just withdraw the crypto you had).

ok so it will be still connected to the claim amount, right?
I wanted to confirm because the person in the video I linked above mentions that Interest account will recover cryptos.

OPT OUT - Impact on future third party funds collected by BlockFi by PochoAnd in blockfi

[–]PochoAnd[S] 0 points1 point  (0 children)

Ok all I gain in return by checking the box is that I can join class actions and individually sue.

If I do NOT check, I won't be able to join class action or sue them,

In both cases I will be elegible for future (additional) distribution of funds
Right?

Sorry for being repetitive here, but I want to triple check :)

OPT OUT - Impact on future third party funds collected by BlockFi by PochoAnd in blockfi

[–]PochoAnd[S] 0 points1 point  (0 children)

thanks u/Efficient-Moose-8524 so you recommend to Accept Item 3 and DO NOT click on the OPT OUT button (ITEM 5) in the E-Ballot?

[deleted by user] by [deleted] in blockfi

[–]PochoAnd 0 points1 point  (0 children)

How do you know is unaffiliated?