BlockFi's liquidation plan approved by the court
BlockFi's third amended Chapter 11 plan has been approved by the
US Bankruptcy Court in New Jersey on September 26. After the approval of the liquidation plan of crypto currency lending firm BlockFi, the customers of this platform have come one step closer to receiving payments. The amount of repayment received from BlockFi's unsecured creditors will largely depend on how successful BlockFi is in fighting its legal battle against
FTX and bankruptcy firms. The senior manager of the firm said that with the committee of creditors BlockFi's liquidation plan has been approved after resolving a long-running dispute.
