BlockFi, the crypto lending platform that hit a rough patch after FTX's collapse, is finally closing its web doors. But fear not, BlockFi faithful! There's still a chance to retrieve your crypto holdings.

Here's the deal: BlockFi is partnering with the well-established Coinbase to facilitate withdrawals. This means eligible users with BlockFi Interest Accounts, Retail Loans, and Private Client accounts can get their crypto back.

Missed the Deadline? No Sweat (Probably)

The original deadline to request withdrawals was April 28th, 2024. But for those who missed it, there's a second chance. BlockFi will provide instructions on setting up a Coinbase account, either a new one or an existing verified account. Once linked, you'll be able to withdraw your crypto holdings directly from Coinbase.

Don't Want Coinbase? Cash is an Option (But Not Ideal)

For those who prefer not to use Coinbase, there's an alternative, albeit a less desirable one. BlockFi can liquidate your crypto holdings into cash and distribute it to you. This option comes with potential tax implications and may not be the most favorable choice.

BlockFi Warns of Scammers: Be Crypto-Cautious

With the platform shutting down, BlockFi warns users to stay vigilant against potential scams. Fraudsters might try to impersonate BlockFi with fake emails promising easy withdrawals. Remember, BlockFi won't be partnering with any other providers for crypto distributions.

Download Your Info Before the Curtains Close

Before BlockFi officially closes its doors, don't forget to download your transaction history, tax documents, and any other important information from the platform.

This closure marks the end of an era for BlockFi, but with the help of Coinbase, you can still get your crypto back. Just remember to stay alert, choose your withdrawal method wisely, and download your info before the platform sunsets.