A settlement between defunct crypto lending company BlockFi and the collapsed hedge fund Three Arrows Capital (3AC) was approved by a US bankruptcy court on February 7. The specific terms of the settlement, though, remain confidential.
According to the official document, the approval effectively resolved any counterclaims between the parties. Judge Kaplan of the New Jersey Bankruptcy Court, in the Tuesday hearing, expressed that it doesn’t make sense to demand disclosure of settlement details.
Prior to the latest development, the US Trustee urged the judge to reveal the details, arguing that the debtors had not provided sufficient reasons to keep the information undisclosed.
BlockFi had previously requested to seal the information in January, citing its sensitive nature and potential negative impact on future legal proceedings.
In November 2022, BlockFi sought Chapter 11 bankruptcy protection, a move prompted in part by the collapse of crypto exchange FTX, which had filed for bankrup
We współpracy z: https://cryptopotato.com/blockfi-and-3ac-resolve-counterclaims-in-bankruptcy-settlement-but-theres-a-catch/
