BlockFi has applied to the U.S. bankruptcy court for permission to allow customers to withdraw from wallet accounts

ChainCatcher news, the bankrupt crypto lending company BlockFi has submitted a motion to the U.S. Bankruptcy Court in New Jersey, requesting the court to allow customers to withdraw from wallet accounts and to permit updates to the user interface to accurately reflect transactions during the platform's suspension.

It is reported that in an email sent to affected users, BlockFi described the motion as "an important step towards our goal of returning assets to customers through the Chapter 11 case," and added, "We believe customers clearly own the digital assets in their BlockFi wallet accounts."

According to BlockFi, this motion will not affect withdrawals or transfers from BlockFi interest accounts, which remain suspended. A hearing to decide whether to approve the motion is scheduled for January 9, 2023. (Cointelegraph)