TechFlow, July 12 — According to Cointelegraph, BlockFi’s bankruptcy trustee has reached an agreement with the U.S. Department of Justice (DOJ) to dismiss a lawsuit concerning the transfer of $35 million in crypto assets. The settlement was approved Friday by New Jersey Bankruptcy Court Judge Michael B. Kaplan. The case originated in May 2023 when the DOJ attempted to seize funds from BlockFi accounts belonging to two Estonian nationals, alleging ties to a criminal fraud case. Under the settlement terms, the case is "dismissed with prejudice," and each party will bear its own legal fees. Notably, BlockFi declared bankruptcy in November 2022 following the collapse of FTX, currently owes approximately $10 billion to around 100,000 creditors, and has set April 28, 2024, as the final deadline for customers to withdraw remaining crypto assets.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / [email protected] ICP License: 琼ICP备2022009338号
