Last week, you received an email from BlockFi, with links to documents relating to BlockFi’s reorganization.  The Official Creditors Committee (comprised of BlockFi creditors like yourself) immediately filed an Emergency Motion with the Bankruptcy Court contending that BlockFi’s communications to you were improper.

On May 18th, the Bankruptcy Court ruled that BlockFi’s communications to you fell “outside the scope of permissible solicitation under the Bankruptcy Code.”  The Court advised BlockFi and its creditors that “what’s reflected in the disclosure statement, in the plan that’s on file has not been authorized by the Court, has not been vetted by the Court, has not been approved by the Court and that solicitations based on what’s been filed are improper.”  A transcript of the Court’s May 18th ruling can be read here.

As ordered by the Court, BlockFi sent to all creditors a retraction statement, which you can read here.  The Court authorized the Committee to provide you with a copy of the Committee’s filed statement respecting BlockFi’s plan, which you can read here.

This email is not a solicitation to vote one way or another on any plan.  No party may ask you to do so until the Court has approved one or more disclosure statements that contain adequate information for you to make an informed decision.

Sincerely,

The Official Committee of Unsecured Creditors of BlockFi, Inc. et al.

Please note that this email address is a one-time email address and cannot accept incoming emails.  Messages sent to this email address will not be received by the Committee.