Kroll:
· Notice of Bar Dates for Submitting Proofs of Claim and Claims Under Section 503(b)(9) of the Bankruptcy Code Against the Debtors. General Bar Date: March 31, 2023, at 5:00 p.m. (prevailing Eastern time).
· Guide to Filling out Your Proof of Claim Form(s)
To file a proof of claim, to obtain a downloadable proof of claim form, or to obtain additional information on the Debtors’ cases free of charge, please visit https://restructuring.ra.kroll.com/blockfi/EPOC-Index.
PROOFS OF CLAIM MUST BE SUBMITTED BY MAIL, BY HAND, OR THROUGH KROLL RESTRUCTURING ADMINISTRATION LLC’S WEBSITE. PROOFS OF CLAIM SUBMITTED BY FACSIMILE OR ELECTRONIC MAIL WILL NOT BE ACCEPTED AND WILL NOT BE DEEMED TIMELY SUBMITTED.
All known creditors of the Debtors, as of the November 28, 2022 petition date, are listed on the Debtors’ Schedules of Assets and Liabilities (“Schedules”), filed with the Court on January 12, 2023. In addition, the Debtors listed certain amounts held by clients in BlockFi Wallet Accounts on the Debtors’ Statements of Financial Affairs (“Statements”).
To protect the confidentiality of individual clients in these cases, the names and addresses of clients are not detailed on the publicly filed Schedules and Statements. Information relating to your Scheduled Claim(s) and/or your Wallet Account Balance(s) (as of November 10, 2022, at 8:15 pm prevailing Eastern Time (equivalent to November 11, 2022, at 1:15am UTC)) is below. For additional information please contact Kroll by phone at 888.773.0375 (Toll-free) or 646.440.4371 (International).
The Amount, Nature, and Priority of your Scheduled Claim(s) are set forth below. If you agree with the nature, amount, and classification of your Claim as listed in the Debtors’ Schedules, and if you do not dispute that your Claim is only against the Debtor specified by the Debtors, and if your Claim is not described as “disputed,” “contingent,” or “unliquidated,” you need not submit a Proof of Claim. Otherwise, or if you decide to submit a Proof of Claim, you must do so before March 31, 2023, at 5:00 p.m. (prevailing Eastern time).
BlockFi International Ltd. General Unsecured; Amount $[redacted]; Basis: BIA
BlockFi International Ltd.; General Unsecured; Amount $[redacted]; Basis: BIA Interest
Custodial BlockFi Wallet Account contents as listed on Statement of Financial Affairs Question 21 are set forth below. Clients do not have a Scheduled Claim for the below BlockFi Wallet Account. (If you are not listed on the Debtors’ Statements as having Custodial BlockFi Wallet Account contents, no information will appear below.)
Debtor: BlockFi International Ltd.; Currency Code: usdt; Value: [redacted]
Debtor: BlockFi International Ltd.; Currency Code: eth; Value: [redacted]
The amount stated (redacted) are as at 10 November 2022, at 8:15 pm prevailing Eastern Time, so when BTC was pretty low at below $16,000. The quote I got is over 20% less than per my statement at the end of October. Not ideal, but will probably accept that and won't be filing a proof of claim.
2nd email from BlockFi:
Here are five things to know about BlockFi’s proof of claim process:
1. You can now look up your listed claim(s) and BlockFi Wallet account balance online
You can check how BlockFi has listed your claim(s) in the Schedules of Assets and Liabilities (the “Schedules”) for BlockFi Interest Account, BlockFi Private Client, and Loans, as well as your BlockFi Wallet account balances, by visiting the website of BlockFi’s claims agent, Kroll, here.
Here is an example of what you will find on your personalized dashboard on the Kroll website, which will include all of your claim(s) and your BlockFi Wallet account balances.
2. You do not need to submit a claim if you agree with your scheduled amount
If you agree with your scheduled claim information and Wallet account balance(s), then you do not need to file a claim and no further action is required at this time.
If you believe that your scheduled claim information is incorrect or incomplete, you may file a proof of claim. The bar date, or deadline to submit a proof of claim, is 5:00 P.M. (prevailing Eastern Time) on March 31, 2023.
More information on how to understand your scheduled claim amount and fill out your proof of claim form can be found here by clicking the Client Guide to Filling Out Proof Of Claim Form(s).
3. The Scheduled amounts are listed in U.S. dollars; BlockFi Wallet account balances are listed in cryptocurrency
The dollar amounts listed on the Schedules are based on coin values as of November 28, 2022, the day BlockFi filed chapter 11. Please refer to the table in question 7b on the proof of claim form to see the price that was used to convert your in-kind cryptocurrency into U.S. dollars in the Schedules.
BlockFi Wallet account balances are represented as cryptocurrency in-kind as of the platform pause, rather than dollar amounts, since they were not included in the Schedules.
4. Clients will be receiving information from Kroll, BlockFi’s claims agent
Information regarding the proof of claim process will be sent to the email address associated with your BlockFi account and mailing address on file with BlockFi as of November 28, 2022, the Petition Date. Emails will be sent from [email protected]. Please check your spam folder if you do not receive this email by February 14, 2023.
5. Here is where you can turn for additional information
We understand that you may have questions during this process. You can refer to our Proof of Claims FAQ for more information. Additional information regarding BlockFi’s chapter 11 proceedings, including the proof of claim process, can be found by visiting the website for BlockFi’s claims agent Kroll at https://restructuring.ra.kroll.com/blockfi. Clients may contact Kroll at (888) 773-0375 (Toll Free) or (646) 440-4371 (International), or email [email protected].
BlockFi
Strangely enough, the 2nd email is referring to the USD amount as at 28 November. I can't check the balances under the link provided, as it just won't load. Their servers mau be overloaded atm.