BlockFi Clears FTX-Related Claims, Readies For Final Creditor Distributions

Quick Summary:

Crypto lending company BlockFi, which filed for bankruptcy in 2022 following the collapse of crypto exchange FTX, announced on Monday the successful sale of its FTX claims.

This marks another step towards completing BlockFi’s bankruptcy process, allowing for the final distribution of funds to creditors.

An important aspect of the settlement was the plan administrator’s option to monetize the FTX Claims through a third-party sale.

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Article Details

Author / Journalist: Ronaldo Marquez

Category: Crypto

Markets: HungaryUnited States

Topics: Crypto News Cryptocurrency Crypto Exchange FTX Crypto news Cryptocurrencies BlockFi repayment BlockFi FTX FTX claims Crypto FTX bankruptcy BlockFi news

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 04:30:51 (10 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 424 words

Reading Time: 3 minutes read

Sentences: 26 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 21759220

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About Bitcoinist

Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 12 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

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Publication Timezone: GMT +8:00

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News Language: English

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Publisher ID: #105

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