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TechFlow news, according to Reuters, FTX and BlockFi have settled their dispute, with FTX agreeing to pay BlockFi up to $874 million. FTX will initially pay BlockFi $250 million, with the remainder dependent on FTX's efforts to repay customer debts. FTX will also pay BlockFi an additional $185.3 million. In return, BlockFi has dropped its legal claim over $56 million worth of Robinhood shares that had been seized by the U.S. Department of Justice.
FTX and BlockFi have resolved their dispute, with FTX agreeing to pay BlockFi up to $874 million. FTX will make an initial priority payment of $250 million to BlockFi, with the remainder contingent on FTX's efforts to repay customer debts. FTX will also pay an additional $185.3 million to BlockFi. In return, BlockFi has dropped its litigation claims over $56 million worth of Robinhood shares, which had been seized by the U.S. Department of Justice.
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