BlockFi confirms move to allow BlockFi wallet users access to funds

BlockFi released a statement on Dec. 20 confirming a motion filed in relation to BlockFi wallet users accessing funds. The company is most well known for its yield-bearing service, BlockFi Interest Accounts. BlockFi ecosystem was a custodial crypto wallet. The wallet was not subject to lending services and thus BlockFi argued that ” it is our belief that clients unambiguously own these assets.” The statement comes hours after news broke through a leaked email that customers may soon be able to access funds.Further information can be found on the BlockFi blog.