BlockFi Bankruptcy Presentation Deck
The True-Up Process (Cont'd)
4
Once each business day, by reference to the prior day's closing balances in Custodial
Omnibus Wallets, members of BlockFi's Treasury team effectuate transfers amongst the
their Custodial Omnibus Wallets and Rehypothecated Wallets so that the balances in the
Custodial Omnibus Wallets and Rehypothecated Wallets match the balances reflected on
the User Interface, with a 1-5% buffer in the Custodial Omnibus Wallets.
BlockFi
Employees
ŠŤAŤ
个
Custodial Omnibus
Wallets
The BitGo
Custodial
Wallets
BlockFi
Trading LLC
BitGo
Cheela Decl. 11 40-42.
See Stipulated Facts [Docket No. 842], ¶ ¶ 65-66.
Wallet LLC
Wallets
BlockFi Wallet
LLC
▲Fireblocks
International
Vault Wallets
BlockFi
International
Ltd.
A Fireblocks
D
Rehypothecateable
Wallets
BlockFi Inc.
BIA U.S. Clients
BlockFi Lending LLC
Loans U.S. Clients
AF
Transfers of Digital
Assets Amongst
Omnibus Wallets
via Fireblocks
and/or BitGo
C C
BlockFi International Ltd.
BIA and Loans
(non-U.S. Clients)
6
=
Transfer
Request Data
BlockFi
Digital assets are transferred
amongst the Rehypothecated
Wallets and Custodial Omnibus
Wallets such that the digital
assets in the Custodial Omnibus
Wallets match the request data
in the Company-Facing
Interface from the prior
business day.
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