PANews, July 12 news, according to Cointelegraph, the BlockFi bankruptcy management has reached a settlement agreement with the U.S. Department of Justice (DOJ), dismissing a lawsuit involving the transfer of $35 million in cryptocurrency assets. New Jersey bankruptcy court judge Michael B. Kaplan approved the agreement on Friday local time. According to the terms of the settlement, the case is "dismissed and may not be refiled," with both parties bearing their own legal fees. It is worth noting that BlockFi declared bankruptcy after the FTX collapse in November 2022, currently owing approximately $10 billion to about 100,000 creditors, and has set April 28, 2024, as the deadline for customers to withdraw remaining cryptocurrency assets. It is reported that the case originated in May 2023, when the DOJ attempted to seize funds in BlockFi accounts belonging to two Estonian citizens, claiming it was related to a criminal fraud case.
