According to Foresight News and reported by Cointelegraph, BlockFi's bankruptcy administrator has reached an agreement with the U.S. Department of Justice (DOJ) 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 in BlockFi's accounts belonging to two Estonian citizens, claiming it was related to a criminal fraud case. Under the settlement terms, the case is 'dismissed with prejudice,' and each party will bear its own legal fees. Notably, BlockFi announced bankruptcy following the collapse of FTX 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.