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BlockFi has resumed cryptocurrency withdrawals for eligible US clients following a court-approved bankruptcy restructuring. The move excludes international users and comes amid ongoing legal challenges, including a $30M SEC penalty.
- Withdrawals are limited to US clients meeting strict court-set criteria, excluding international users.
- BlockFi’s restructuring plan focuses on recovering funds from FTX, Alameda, and other bankrupt entities.
- A $30M SEC penalty against BlockFi is postponed until after user repayments are completed.
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