BlockFi to provide over $100K in refunds to California clients
Cointelegraph
Published Mar 27, 2023 11:13PM ET
Updated Mar 28, 2023 01:00AM ET
Bankrupt crypto lender BlockFi has agreed to refund more than $100,000 to California customers that had continued to repay loans even after a trading halt on Nov. 10 last year.
According to a March 27 statement from California's financial watchdog, the Department of Financial Protection and Innovation (DFPI), its investigation discovered at least 111 borrowers in California paid back roughly $103,471 in loan repayments between Nov. 11 and Nov. 22.
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Written By: Cointelegraph
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