TechFlow reported that BlockFi's estate manager, Mohsin Y. Meghji, informed the court on July 22, 2024, that the company had completed a significantly above-market transaction to monetize its claims against FTX. This enables BlockFi to make a final 100% distribution on all allowed customer and unsecured creditor claims. The transaction stems from an $874.5 million claim settlement reached with FTX in March 2024.
Meghji stated this marks the final phase of BlockFi's liquidation, with final distributions set to begin as soon as possible. The BlockFi platform has ceased operations, and "in-kind" distributions will be conducted through Coinbase.
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