Tag: BlockFi

A key development has occurred in the $13.2 million class action settlement for BlockFi investors

The administrator overseeing BlockFi bankruptcy wind-down has settled with the DoJ to dismiss a $35 million crypto asset transfer lawsuit.

BlockFi CEO Zac Prince said during Bankman-Fried's trial in October that, had the firm not lent hundreds of millions to Alameda Research.

BlockFi announced on an X post that these distributions will start in July and last in batches over the next months.

BlockFi filed for Chapter 11 bankruptcy protection in 2022, attributing its financial challenges to the collapse of FTX the same year.

A US Court has approved the settlement deal between BlockFi and Three Arrows Capital (3AC), effectively ending their legal dispute