BlockFi (BlockFi) Is Paying a $13M Settlement to Investors — Here’s How to Get Your Share

Court: S.D. New York

Case: 2:23-cv-01165

Last year, BlockFi ($BFIWBNB_A9A2D5) agreed to pay $13M to settle claims that it misled them about the safety and legality of its interest-bearing accounts and lending practices.

This settlement presents a great opportunity for investors to recover some of their losses. Here’s what you need to know to claim your payout.

Who is eligible?

All persons or entities who invested, deposited, or otherwise acquired assets in BlockFi Interest-Bearing Accounts between January 1, 2019, and November 28, 2022, inclusive, and were damaged thereby

Do you have to sell securities to be eligible?

No, if you have purchased securities within the class period, you are eligible to participate. You can participate in the settlement and retain (or sell) your securities.

How long will it take to receive your payout?

The entire process usually takes 4 to 9 months after the claim deadline. But the exact timing depends on the court and settlement administration.

How to claim your payout — and why it's important to act now?

The settlement will be distributed based on the number of claims filed, so submitting your claim early may increase your share of the payout.

In some cases, investors have received up to 200% of their losses from settlements in previous years.

More than 100 companies are currently paying out settlements. Connect your portfolio to automatically see which ones you might have missed — or file manually for this case. Don’t miss your chance to get yours back.