BlockFi Bankruptcy Presentation Deck
Ⓒ
$25,000.00
Mem
(ta.com
The Batching Process
The True-Up Process is a partially manual, multi-step process undertaken by the Debtors' Financial Operations
team to effectuate requests from BIA to Wallet and then ultimately off-platform to clients' external wallets.
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4661206272
27034807
MER
500017500
+
↓
Ⓒ Blackfi
Fully Automated
Email Upon "Click"
of Button on the
User Interface
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ÕìÌì
↓
BlockFi
Employees
+
Transfer
Request
Data
Batch
Cheela Decl. 1 1 37-39.
Stipulated Facts [Docket No. 842], 111 58.
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BlockFi clients initiate transfer requests on the User Interface by
clicking the requisite button(s).
Data regarding client transfer requests is automatically
collected in the Company-Facing Interface. Client
receives an automated email and User Interface reflects
the book entry for the request.
The Debtors' Financial Operations team would "batch" request
data on the Company-Facing Interface and then send such
batches of withdrawal request data to the Debtors' Fraud and
Security team.
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