{"id":42767,"date":"2021-05-19T12:52:40","date_gmt":"2021-05-19T09:52:40","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=42767"},"modified":"2025-08-31T00:41:41","modified_gmt":"2025-08-30T21:41:41","slug":"blockfi-mistakenly-credited-clients-with-bitcoin-and-demanded-its-return","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/blockfi-mistakenly-credited-clients-with-bitcoin-and-demanded-its-return\/","title":{"rendered":"BlockFi Mistakenly Credited Clients with Bitcoin and Demanded Its Return"},"content":{"rendered":"<p>The crypto-lending platform BlockFi mistakenly credited clients&#8217; accounts with large sums of Bitcoin and demanded the return of the cryptocurrency. Reddit users <a href=\"https:\/\/www.reddit.com\/r\/ethtrader\/comments\/nfr3dc\/apparently_blockfi_goofed_up_and_started_paying\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u0440\u0430\u0441\u0441\u043a\u0430\u0437\u0430\u043b\u0438<\/a>.<\/p>\n<p>The issue relates to a <a href=\"https:\/\/blockfi.com\/promotions\/\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u043f\u0440\u043e\u043c\u043e\u0430\u043a\u0446\u0438\u0435\u0439<\/a>, presumably payouts in the Gemini Dollar (GUSD) stablecoins. By mistake, some clients were credited with Bitcoin rewards. One of them allegedly received more than 700 BTC (approximately $28.32 million at the time of writing).<\/p>\n<p>The company now demands that users return the credits, offering monetary compensation for the inconvenience. If refused, BlockFi threatens legal action.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Found on Reddit. They\u2019re offering mass rewards for the return of funds ($500-$1k) as well as threatening criminal actions. <a href=\"https:\/\/t.co\/LZUoIlF5Js\">pic.twitter.com\/LZUoIlF5Js<\/a><\/p>\n<p>\u2014 James \u2602\ufe0f Lawblock \u2694 \ud83d\udfe9 (@JamesLawblock) <a href=\"https:\/\/twitter.com\/JamesLawblock\/status\/1394846363695951872?ref_src=twsrc%5Etfw\">May 19, 2021<\/a><\/p><\/blockquote>\n<p> <script async=\"\" src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to <a href=\"https:\/\/www.reddit.com\/r\/blockfi\/comments\/nfjrpt\/with_the_recent_event_of_people_withdrawing_undue\/gym797e\/?utm_source=share&#038;utm_medium=web2x&#038;context=3\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\u0437\u0430\u044f\u0432\u043b\u0435\u043d\u0438\u044e<\/a> BlockFi, the error affected \u201cfewer than 100 clients\u201d and will not affect the company&#8217;s ongoing operations. The spokesperson said the platform has contacted those involved and is working on a resolution.<\/p>\n<p>BlockFi <a href=\"https:\/\/u1f987.com\/en\/news\/blockfi-becomes-partner-in-blockstreams-mining-business\">will place mining equipment<\/a> for cryptocurrencies in one of Blockstream&#8217;s data centers.<\/p>\n<p>In March 2021, <a href=\"https:\/\/u1f987.com\/en\/news\/blockfi-raises-350-million-at-a-3-billion-valuation\">BlockFi raised $350 million in funding<\/a> at a valuation of $3 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The crypto-lending platform BlockFi mistakenly credited clients&#8217; accounts with large sums of Bitcoin and demanded their return.<\/p>\n","protected":false},"author":1,"featured_media":26216,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1436],"class_list":["post-42767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-blockfi"],"aioseo_notices":[],"amp_enabled":true,"views":"20","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=42767"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42767\/revisions"}],"predecessor-version":[{"id":42768,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/42767\/revisions\/42768"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/26216"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=42767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=42767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=42767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}