BlockFi Referral Code

BlockFi was one of the largest crypto lenders in the world before it failed. The $40 bonus still advertised across the web belongs to a company that no longer exists.

There is no BlockFi referral bonus, because BlockFi no longer operates. The web platform shut down permanently on 31 May 2024, after which clients could no longer access it at all.

The collapse followed directly from the failure of FTX. BlockFi filed for Chapter 11 bankruptcy in November 2022 in the wake of the collapse of Sam Bankman-Fried's FTX and Alameda Research, to which it had significant exposure. It emerged from bankruptcy in October 2023 as a wind-down estate rather than as a going concern — the distinction matters, because emerging from Chapter 11 is often reported as a recovery when here it meant an orderly liquidation.

Distributions to creditors began in July 2024, handled in part through Coinbase, with US customers receiving funds first and non-US clients delayed by cross-border legal complications. The bankruptcy's remaining disputes continued to be resolved afterwards.

For anyone arriving here from a listing site: the $40 signup bonus these pages advertise is from a product — a crypto interest account — that was the subject of regulatory action across the industry before the failures began, and from a company that has since been liquidated. There is nothing to sign up for.

The wider lesson is worth taking from this page rather than just the facts. A referral bonus is a promise to pay you at some future point, usually after your friend has deposited money and met a condition. That promise is only as good as the institution behind it. BlockFi, Celsius and Voyager all advertised referral incentives while insolvency was approaching, and every one of those promises evaporated along with customer balances. Solvency is part of the offer, and it is the part no referral listing ever discusses.

If you are still owed funds, that is a matter for the wind-down estate and its administrator rather than for this page.