BlockFi hails ‘excellent outcome’ in $875 million settlement with FTX
Bankrupt crypto firms FTX and BlockFi have reached an in-principle agreement to settle all litigation and disputes for nearly $900 million, according to a Mar. 6 court filing. Under the terms, BlockFi will receive $185.2 million in compensation for customer claims against the FTX debtors. Additionally, the insolvent lender is set to obtain a separate...