In a significant development, crypto lender BlockFi has reached an “in principle” agreement with the estates of bankrupt FTX and its trading arm Alameda Research to settle nearly $1 billion in claims.
The settlement, outlined in a recent court filing, marks a pivotal moment for BlockFi’s recovery efforts and its clients’ potential for maximum asset recovery.
The successful resolution of these claims, alongside the defense against FTX’s avoidance claims and counterclaims, significantly impacts BlockFi’s customer recoveries and paves the way for the proposed reorganization plan.
BlockFi To Receive Maximum Value On Customer Claims
According to the agreement, BlockFi will receive an allowed customer claim of $185.2 million against FTX.com, representing the full value of its assets on the FTX exchange as of the FTX petition date.
In addition, BlockFi will have a $689.3 million claim against Alameda Research for loans made, of which $250 million will be treated
We współpracy z: https://bitcoinist.com/blockfi-resolves-dispute-with-ftx-alameda-research/
