🚨 BlockFi & DOJ Settle $35M Lawsuit!

The crypto lender's bankruptcy administrator and the US Department of Justice have reached a settlement, dismissing a $35 million crypto asset transfer lawsuit. This agreement, just approved by a US Bankruptcy Court judge, brings some much needed resolution.

The lawsuit stemmed from the DOJ's attempt to seize $35 million in crypto from BlockFi accounts linked to an unrelated criminal fraud case. This settlement means the case is dismissed with prejudice, clearing another hurdle in BlockFi's complex wind down.

This move provides more clarity for BlockFi's path to repaying its numerous creditors. It's a positive step towards concluding one of the largest crypto bankruptcies, offering a glimpse of how legal challenges are being navigated in this evolving landscape. #BlockFi #Bankruptcy #CryptoMarketNews #DOJ #CrytoMarketWatch