BlockFi, the crypto lender that paused customer withdrawals in November, has revealed its plans to enable customer withdrawals this summer. The company aims to facilitate smooth withdrawals by developing new product features and making platform modifications to ensure accurate account balances. Customers will be able to move their digital assets from BlockFi wallets to external wallets, though cash distributions will not be supported. Withdrawals will be processed in batches, with eligible users receiving email notifications. BlockFi has also been granted an extension to develop an exit plan, allowing more time for addressing creditor concerns. Overall, these developments reflect BlockFi's commitment to resolving the suspension and enhancing customer confidence.

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