CoinVoice has learned that, according to Cointelegraph, the BlockFi bankruptcy trustee and the U.S. Department of Justice (DOJ) have reached an agreement to dismiss a lawsuit involving the transfer of $35 million in cryptocurrency assets. New Jersey bankruptcy court Judge Michael B. Kaplan approved the agreement on Friday.
The case originated in May 2023, when the DOJ attempted to seize funds belonging to two Estonian citizens in BlockFi accounts, claiming it was related to a criminal fraud case. Under the settlement terms, the case is 'dismissed with prejudice,' and both parties will bear their own legal fees.
It is worth noting that BlockFi announced bankruptcy following the FTX collapse in November 2022, currently owes approximately $10 billion to around 100,000 creditors, and has set April 28, 2024, as the deadline for customers to withdraw remaining cryptocurrency assets. [Original link]
