BlockFi, a cryptocurrency DeFi interest and lending platform, officially filed for Chapter 11 bankruptcy in 2022. It is still important to make sure your complete BlockFi transaction history is imported into ZenLedger.
In order to capture all your transactions from BlockFi you will need to download two separate CSV files. Instructions follow below for how to import your Interest Transactions and your Trade Transactions into ZenLedger.
If you have received reimbursements from BlockFi, we recommend dividing up those reimbursements into trades for the assets that you received (eg, BTC or ETH) at the date of the exchange closing. For example, if you received 1 bitcoin and previously held 4 assets, you can make four trades of each of the assets into 0.25 Bitcoin at the time of the exchange closing. For further questions on the bankrupt status of BlockFi and how to treat this within your ZenLedger account, we recommend consulting with your tax professional.
Step-by-Step Instructions to generate a CSV for your BlockFi Interest Transactions:
Step 1: Login to BlockFi.
Step 2: On the BlockFi Homepage confirm you are on the dashboard.
Step 3: Scroll down to Transactions.
Step 4: Click on Type and select the following: Interest Payment, Crypto Transfer, ACH Return, ACH Transfer, ACH Withdrawal Return, Wire Transfer, Referral Payment & Bonus Payment.
Step 5: Click Apply.
Step 6: Click the download button to the right of Type. A CSV file will be generated.
Step-by-Step Instructions to generate a CSV for your BlockFi Trade Transactions:
Step 1: Login to BlockFi, click on your user icon.
Step 2: Select Reports.
Step 3: Scroll down to the bottom to Trading Section and click the download all button
Upload both CSVs to ZenLedger under the exchange tab and select BlockFi.
Final Steps: Once you have a CSV of your Interest Transactions and your Trade Transactions, you can navigate to the Import tab at the top of your ZenLedger account. You can then search for BlockFi in the exchange list and add the two CSVs you generated by dragging and dropping or browsing through your files.
If you have any questions, please reach out via the chat button on the lower right-hand side of your ZenLedger screen and a friendly Customer Success representative will be there to assist you!