BlockFi's management announced on Monday that the institution is seeking an order that will provide a final distribution to all eligible customers and unsecured creditors. The management submitted a report to the bankruptcy court in New Jersey, USA. The report indicates that the management has completed a significant transaction that allows them to realize $874.50 million for FTX claims above face value. BlockFi plans, Managing Partner at M3 Partners, Mohsin Y. Meghji, stated, "This transaction marks the final chapter of the liquidation, which is the best outcome for BlockFi's clients." (CoinDesk)

Odaily Planet Daily News: BlockFi's management announced on Monday that the institution is seeking an order that will provide a final distribution to all eligible customers and unsecured creditors. The management has filed a report with the bankruptcy court in New Jersey, USA. The report indicates that the management has completed a significant transaction that allows them to realize claims against FTX at a price above face value, totaling 874.50 million USD. BlockFi plans, as stated by the management and M3 Partners Managing Partner Mohsin Y. Meghji, that "This transaction marks the final chapter of the liquidation, which is the best outcome for BlockFi's clients." (CoinDesk)

BlockFi seeks court order for final distribution to compensate customers and unsecured creditors