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What legal recourse does BlockFi have in attempting to recover the bitcoin they accidentally transferred to contest winners?
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BlockFi inadvertently send bitcoin instead of USD to several dozen contest winners recently, with a value of tens of thousands times the intended amount. A lot of the bitcoin has been recovered however it appears some recipients have transferred their coins to personal wallets.

https://www.forbes.com/sites/nicholasgans/2021/05/19/blockfi-mistakenly-deposits-outsized-bitcoin-payments/

Given that this is not legal tender (as stipulated in BlockFi's own T&C) where so they stand legally if they want to recover any missing crypto?

I'm not any party to what's happened but I am curious.

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3 years ago