BlockFi Completes FTX Claims Sale Before Bankruptcy

BlockFi’s successful sale of FTX claims marks a crucial milestone in its wind-down efforts. This move follows a significant settlement and promises full repayment to eligible creditors, with distributions set to commence promptly. While non-U.S. clients face additional verification steps, the plan aims to ensure all creditors are repaid efficiently. BlockFi’s journey through bankruptcy highlights the broader challenges faced by the crypto lending sector in 2022.