BlockFi applies for final allocation order to complete the transaction of $875 million FTX debt at a price above face value.

Foresight News reported that according to CoinDesk, the managers of the bankrupt crypto lending institution BlockFi have requested a final distribution order from a U.S. court to provide a final distribution to all eligible customers and unsecured creditors. The managers submitted a report to the U.S. Bankruptcy Court in New Jersey, indicating that they have completed a significant transaction that allows them to monetize the $874.50 million debt owed to FTX at a price far above face value.