Voluntary or involuntary? – Blocktrade customers face forced migration
With its latest announcement in September 2025, Blocktrade officially confirmed its transfer to FSR Digital. What at first glance sounds like a regular platform change turns out, on closer inspection, to be a highly risky move for all existing investors.
Withdraw or automatically agree
Blocktrade is asking customers to withdraw their remaining assets by 28 September 2025 at the latest. Anyone who misses this deadline will see their account moved to ‘archive status’ from 29 September onwards. This means that all remaining assets will automatically be subject to FSR Digital’s new terms and conditions without the customer’s active consent.
Legacy issues remain unaddressed
It is also clear that the notice refers exclusively to credits that are still available. Amounts already lost, whether through token losses, price declines or unfulfilled promises, are not addressed. This threatens to create a familiar pattern: the old company (Blocktrade SA) is left with outstanding claims and possible claims for damages, while the new platform can start with a ‘clean slate’. For those affected, this means that their previous losses are not covered by the transition and could be written off permanently.
Risk to legal enforcement
The legal shift is particularly critical. Blocktrade SA was regulated as an EU company, whereas FSR Digital refers to structures outside the EU. This poses a significant disadvantage in terms of legal enforcement: claims against the new platform are more difficult to enforce, and the only option left for the old company may soon be insolvency proceedings.
Clear warning to customers
Those who do not take action now run the risk of losing their claims.
- Remaining assets should definitely be withdrawn before 28 September 2025.
- Claims for damages or repayment against Blocktrade SA should be asserted and documented in a timely manner.
- Account statements, terms and conditions and all supporting documents must be secured before the platform is archived.
We have sent Blocktrade a request for clarification on the most relevant issues. No response had been received by the time of going to press.
Conclusion
The Blocktrade announcement is less an invitation to a ‘new chapter’ and more a call to quietly accept past burdens. Customers should not be fooled by the friendly language: those who do not act now could permanently lose access to their assets and at the same time forfeit their legal chances of compensation.
Note
This article is based on publicly available sources, documented complaints from investors and an official press enquiry to Blocktrade. It is a journalistic analysis. All statements about legal risks or possible contractual constellations are to be understood as assessments, not as conclusive legal advice. Those affected should seek legal advice if in doubt.
Sources:
Change of ownership/control to FSR Group Pte Ltd (Singapore)
The official prospectus supplement confirms: Since 9 September 2024, Blocktrade S.A. has been ‘under the direct control’ of FSR Group Pte Ltd (registration no. 202435080C, 10 Anson Road, Singapore). Blocktrade+2a-tvp.si+2
Regulatory relocation (Estonia → Slovenia)
Blocktrade announced on 7 November 2024 that its services are no longer provided under an Estonian VASP licence; in future, they will be provided via its Slovenian branch, regulated under Slovenian VASP law. Blocktrade
Investor/communication framework
Investors FAQ 2024 (available in multiple languages) describes FSR integration, future plans (including IPO in 2025/26), BTEX conversions, etc. – relevant source of context, but no deadlines for ‘archive status’. Blocktrade+3Blocktrade+3Blocktrade+3
General terms of use
Terms of Use / Privacy Policy on blocktrade.com (as of 2024) – legal framework, but no ‘archive status’ or hard withdrawal deadlines. Blocktrade+1
Reporting on change of ownership/management
External reports on takeover / investor group (Chainwire/Coinspeaker) – contextual, not primary. Chainwire+1
ja sam imao racun na blocktrade i nisam bio o mogucnosti da otvorim racun neko vreme i pred neki dan sam video da je strana blokirana i video sam na mail da su mi poslali da treba da preraspodelim racun na drugu platformi i sada ne mogu da napravim strana je blokirana
Овај проблем је већ добро познат. Препоручујемо вам да се не региструјете на другој платформи, већ да затражите повраћај новца који сте уплатили.
This problem is already well known. We recommend that you do not register with another platform and instead request a refund of the money you have paid in.