Proof of Claims Update

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February 13, 2023 4:16pm EST

Is this your brand on Milled? Claim it.

Matte tone:

Dear -,

Beginning today, BlockFi clients will receive important information regarding the proof of claim process from BlockFi’s claims agent Kroll.

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

Rates for BlockFi products are subject to change. Digital currency is not legal tender, is not backed by the government, and crypto interest accounts are not subject to FDIC or SIPC protections.

BlockFi International Ltd. is licensed to conduct digital asset business by the Bermuda Monetary Authority.

Proof of Claims Update

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