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TechFlow news, August 22 — According to Decrypt, the $13.2 million class-action lawsuit settlement involving BlockFi is set to be approved, after the final objector, Yacov Baron, withdrew his opposition. The settlement will cover approximately 89,000 U.S. users who held BlockFi Interest Accounts between 2019 and 2022. BlockFi collapsed in 2022 due to its $680 million exposure to FTX, and this settlement offers a compensation avenue for affected investors.
According to Decrypt, the $13.2 million class-action settlement for BlockFi is nearing approval, with the last objector, Yacov Baron, having withdrawn his opposition. The settlement will cover approximately 89,000 U.S. users who held BlockFi Interest Accounts between 2019 and 2022. BlockFi collapsed in 2022 due to its $680 million exposure to FTX, and this settlement provides a compensation channel for affected investors.
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