We have successfully achieved several important milestones of the Inlock Recovery and Restructuring Plan as of the 20th of April 2023. The migration to the Vigiler platform was completed, resulting in the isolation of assets stored on the Inlock platform and the terms of the Exit Payout program were finalized. Our clients can withdraw their assets at a value of 83.25% through the withdrawal program. In the last few days, $1.64 million in assets have been paid out through the Exit Payout program.

Clients who do not wish to take advantage of the Exit Payout program will be automatically enrolled in the Scheduled Release program. A detailed guide to both was published on the 2nd of April 2023, which also covers frequently asked questions, however, a brief summary of the main points is provided again:

  • The purpose of the Scheduled Release program is to provide continuous and scheduled access to crypto assets stored on the Inlock platform that our clients have not yet made a decision on.
  • The Scheduled Release is not an optional choice, with the exception of ILK tokens and locked LUNA tokens, all client assets that are still available on the Inlock platform by the 28th of April 2023 will automatically be included in this program.
  • The Scheduled Release cannot be partially or fully waived or suspended.
  • During the Scheduled Release, a pro-rata (2.6%) conversion of the client’s funds will be performed even if the client has not set a receiving wallet address or if the USDC generated during the conversion is below the minimum amount required for the withdrawal.

Application for the Exit Payout or Scheduled Release programs:

  • Both programs are exclusively available through the new Inlock web application (https://app.inlock.io). It is not possible to access them from the mobile app or from the old web interfaces.
  • When logging into the web application, the option to choose between the “Exit payout” and “Scheduled Release” programs is automatically displayed.
  • In both cases, you must accept the terms and conditions and enter the recipient wallet address and the network, with a choice between Ethereum and Binance Smart Chain networks. The recipient wallet address must be able to receive USDC assets, as payments are made in it after the asset conversion.
  • Once the recipient’s wallet address has been recorded and the terms and conditions accepted, clients will receive an email notification. Please check the address in the notification letter in any case, and if you notice any differences, please notify our support team immediately at [email protected]

If you have any questions about the Exit Payout or Scheduled Release programs, please review our announcement introducing the programs!