BlockFi Bankruptcy Liquidators Reach Settlement with U.S. Department of Justice in $35.000 Million Crypto Asset Transfer Lawsuit

BlockFi's bankruptcy liquidators have reached a settlement with the U.S. Department of Justice (DOJ) regarding a $35.00 million cryptocurrency asset transfer lawsuit. The case has now been dismissed by the court "with prejudice," meaning it cannot be refiled. The lawsuit was initially filed by the DOJ in May 2023 and involved the seizure of funds from the BlockFi accounts of two Estonian suspects. The criminal case was unrelated to BlockFi's bankruptcy proceedings. BlockFi had previously reached an $875.00 million settlement with FTX and had its bankruptcy reorganization plan approved in September 2023. [Cointelegraph]