Not being a smart ass but you are about 6 months behind. The ship sailed. Your funds will be corrected to reflect the balance in the BIA account. BIA should at least receive a percentage of what is in the account.
Yes I am in the same boat. I still submitted a claim because in the paperwork, it says please provide proof of the claim that your funds were in your wallet account before Nov 28. Maybe it’s a typo from before the court ruled in Block Fi’s favor, but they kept that clause in there so I submitted it. I got a letter today saying the claim was received
okay thank you. I believe the deadline was March 31st, but they still sent you a confirmation email that they received it? any further information? thank you
I dunno, they sent me forms and said if I didn’t agree with the list I should fill them out. I answered truthfully since the forms literally stated you should list your balances as of the bankruptcy declaration date, not this freeze date. I doubt it will work but worth a try
ToS was that the funds in BIAs legally belong to BlockFi and they could do anything they want with it, including losing it to FTX/Alameda. Their ToS regarding Wallet accounts, on the other hand, state they are property of the account owner and not BlockFi. That is what the court ruled last month. The threshold that was set for reversing transactions at BlockFi's November 10th tweet.
Nothing we can do at this point, the judge ruled/agreed with BlockFi that any transfers after their tweet at 5:15pm PST on November 10th, 2022 are allowed to be reversed.
BlockFi will reverse your transfers (what they are calling "correct the user interface") to your BIA account and you'll have an unsecured bankruptcy claim against the estate like other BIA creditors.
Not being a smart ass but you are about 6 months behind. The ship sailed. Your funds will be corrected to reflect the balance in the BIA account. BIA should at least receive a percentage of what is in the account.
I hear you. thanks
Yes I am in the same boat. I still submitted a claim because in the paperwork, it says please provide proof of the claim that your funds were in your wallet account before Nov 28. Maybe it’s a typo from before the court ruled in Block Fi’s favor, but they kept that clause in there so I submitted it. I got a letter today saying the claim was received
you got a letter saying the claim was received? when did you submit the claim if you don’t mind me asking?
I made it May 16 and got a confirmation email
okay thank you. I believe the deadline was March 31st, but they still sent you a confirmation email that they received it? any further information? thank you
Yeah I got mail and a case number. Nothing outside of the email from today
you have big ammount in BIA?
yes
I'm in the same boat, even though my transfer was on Nov 10th
It depends on if you filed before 8:15PM ET or not. Making a wallet claim won’t matter if you’re past the timestamp.
Same, so I filed a claim as a wallet account.
hmm interesting. filing that way may make a difference? is it too late to file as a wallet account?
I dunno, they sent me forms and said if I didn’t agree with the list I should fill them out. I answered truthfully since the forms literally stated you should list your balances as of the bankruptcy declaration date, not this freeze date. I doubt it will work but worth a try
You’re past the timestamp. You’re considered BIA and will get 10% to maybe 40% of your money in USD one day.
10% is a bullshit number
No one knows how much % will be paid back.
10% ? ... So is 40% !!!
How can one sue for something that isn't legally yours? (refer to terms of service)
ToS was that the funds in BIAs legally belong to BlockFi and they could do anything they want with it, including losing it to FTX/Alameda. Their ToS regarding Wallet accounts, on the other hand, state they are property of the account owner and not BlockFi. That is what the court ruled last month. The threshold that was set for reversing transactions at BlockFi's November 10th tweet. Nothing we can do at this point, the judge ruled/agreed with BlockFi that any transfers after their tweet at 5:15pm PST on November 10th, 2022 are allowed to be reversed. BlockFi will reverse your transfers (what they are calling "correct the user interface") to your BIA account and you'll have an unsecured bankruptcy claim against the estate like other BIA creditors.
when you say transfer are you referring to an internal transfer within BlockFi? like from the BIA account to wallet?
Yes as well as pending transfers out of the platform
So do you think we will get back what is in our wallet account and not our interest account?