Crypto exchange and interest account frozen - Will not paying final bill effect my credit? - bankruptcy

[tenant2021]

I live in Texas.

I have a Block Fi credit card. They are owned by FTX. They froze their exchange and credit cards. They will be filing bankruptcy.

I will never get my money on their exchange or interest account back. I have a credit card with them. My final bill is $1500. Why should I pay my final bill when they are going to keep my money and crypto from my interest account? My credit score is above 800 and I also do not want this to destroy my credit.

I asked for their credit card terms and conditions multiple times.

 

[tenant2021]

I was able to find the terms and conditions. The underwriter is Evolve Bank and Trust. My guess is they will come after me if I do not pay my final bill as they are not going anywhere.

https://static.deserve.com/resources/CHA/BlockFi+Rewards+Visa+Signature+Card+CHA+APR+Range.pdf

 

[adjusterjack]

My guess is they will come after me if I do not pay my final bill as they are not going anywhere.

That's right. Your credit card bank has nothing to do with the crypto-scammers that you fell prey to.

 

[quincy]

It appears that Block Fi/FTX sponsors the card but you owe the $1500 to Evolve Bank & Trust. Evolve Bank & Trust is the entity that issued the card.

If you do not pay the $1500, your 800+ credit score is unlikely to remain 800+.