BlockFi Bankruptcy Presentation Deck

A "Click" Does Not Immediately Transfer Anything The Debtors' system for collecting transfer request data is separate and distinct from the Batching and True-Up Processes the Debtors utilize for effectuating client transfer requests. The mere act of clicking a button on the User Interface has no automatic impact on digital assets in Custodial Omnibus Wallets and Rehypothecateable Wallets. $25,000.00 ⒸHO.COMM 27 2 7653139 ↓ ⒸBLOCK Fully Automated Email Upon "Click" of Button on the User Interface + Transfer Request Transfer Request Data BlockFi's System to Collect Transfer Request Data Cheela Decl. 1 36. See Stipulated Facts [Docket No. 842], 151. || Clients External Wallets Deposits Off- Platform Withdrawa Is Custodial Omnibus Wallets The BitGo Custodial Wallets BlockFi Trading LLC B BitGo Wallet LLC Wallets BlockFi Wallet LLC Fireblocks International Vault Wallets BlockFi International Ltd. A Fireblocks BlockFi Employees iiii True-Up Process (T+1) and/or Batching Process OO BlockFi Rehypothecateable Wallets BlockFi Inc. BIA U.S. Clients BlockFi Lending LLC Loans U.S. Clients BlockFi International Ltd. BIA and Loans (non-U.S. Clients) BlockFi's Financial System to Effectuate Transfer Requests 37

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