BlockFi Bankruptcy Presentation Deck
The Batching Process (Con't)
BlockFi Fraud and
Security
TTTT
BlockFi Financial
Operations
00
↑↑↑↑
BlockFi Financial
Operations
000
TITI
A
A
Batch
4
5
6
Cheela Decl. 1 1 37-39.
Stipulated Facts [Docket No. 842], 1111 58.
The Debtors' Fraud and Security team would run automated fraud checks.
The automated fraud check system would identify and flag certain off-
platform withdrawal requests, which the Debtors' Fraud and Security team
would manually review. Depending on the facts of the particular situation,
the process described in steps 3 and 4 can either be completed reasonably
quickly, or can take numerous days to complete
Each business day, the Debtors' Financial Operations team would review the
withdrawal request data that had been reviewed by the Debtors' Fraud and
Security team and had cleared fraud checks and hold time;
The Debtors' Financial Operations team would again “batch” such
withdrawal requests (i.e., organize the requests for processing) according to
the time of request and whether such withdrawal request was for digital
currency, ACH, or wire (requests for digital withdrawals always had an 18-
hour fraud-check holds, request for cash/ACH withdrawals were manual);
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