Deniz 
According to BlockFi, under a previously agreed-upon arrangement, the company will distribute cryptocurrencies via Coinbase.
Due to loans granted to Alameda, a division of another bankrupt cryptocurrency startup, FTX, BlockFi filed for bankruptcy in November 2022. Those qualified to get bitcoin payments will be notified by email upon opening a Coinbase account. Current Coinbase users have to finish KYC verification.
Users of a Coinbase account will be paid USDT, Ethereum (ETH), and Bitcoin (BTC). Payments for those without a Coinbase account will come in cash.
Because of BTC sold by the German government, Bitcoin was under strong selling pressure from June 19 to July 12. Although the price dropped to $55,000 during this period, BTC recovered since Germany lacked residual coins to sell.
Users who were eligible but did not take their money out by April 28 or did not confirm their identity by May 10 will also be paid. BlockFi’s release states that reimbursements will be given only to US consumers.
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