No longer operating — historical profile
BlockFi no longer operates its crypto lending and trading platform. Its official shutdown notice states that the web platform closed on 31 May 2024.
This listing remains available as a historical reference. The products and services described below are former offerings, not currently available services. BlockFi’s website now provides estate-distribution and administrative information; those activities do not represent a return to lending or trading operations. Former customers should consult BlockFi’s official notices for current information.
BlockFi was a centralized crypto lending and financial-services business. Its former offerings included interest accounts, loans secured by crypto collateral, trading and institutional financing. These services involved lending assets to a company and exposure to its counterparties. They were not self-custody arrangements.
Corporate history and former products
The SEC's February 2022 order identifies BlockFi Inc. as a Delaware corporation formed in 2017 and distinguishes it from BlockFi Lending LLC, a subsidiary formed in 2018. The group operated from Jersey City, New Jersey. Zac Prince and Flori Marquez, now professionally known as Flori Gilroy, were its co-founders.
BlockFi Interest Accounts allowed customers to lend crypto assets in exchange for variable interest. The SEC found that these accounts were securities offered without registration or an applicable exemption. In February 2022, BlockFi agreed to a $50 million SEC penalty and a further $50 million in parallel state settlements, without admitting or denying the SEC's findings. A settlement or proposed product registration should not be presented as a current financial-services licence.
Bankruptcy and distributions
Kroll's case record states that BlockFi Inc. and eight affiliated debtors filed Chapter 11 petitions on November 28, 2022. CryptoSlate covered the filing at the time. The restructuring plan became effective on October 24, 2023. The subsequent estate-distribution process is separate from the former lending platform.
In a July 2024 update, the estate announced plans to distribute 100% of the dollarized petition-date value of allowed customer claims after selling its FTX claims. That measure concerns allowed bankruptcy claims, rather than the current market value or original number of crypto assets deposited. The announcement retained the plan's cap for Convenience Claims. It does not establish that every customer has received a final payment.
Historical team and company information
The team entries below describe former operating roles. They do not identify the current estate administrators or establish that the lending business has reopened. The supported-asset associations are retained as historical information, not an offer of current trading, lending or account access.
Estate support
BlockFi's Help Center and official outreach list provide estate information. The published list includes help@blockfi.com and Kroll's toll-free claims-agent number, +1 888-773-0375. Former customers should use the current official notices to check applicable procedures and deadlines; historical withdrawal and verification dates should not be read as open windows.
