Krutika Adani
BlockFi and the U.S. Department of Justice settle their lawsuit over asset transfers. The $35M agreement brings a critical phase of the bankruptcy proceedings to a close.
With the case behind them, BlockFi is now focused on meeting withdrawal deadlines and repaying creditors — a key move to rebuild trust post-collapse.
Neither BlockFi execs nor major crypto influencers have commented, signaling a cautious approach as the firm works to fulfill financial obligations.
Experts point to similarities with past cases like Mt. Gox — highlighting recurring themes in crypto insolvency: creditor prioritization and asset recovery.