BlockFi Settles With FTX, Alameda Estates for $874.5M

“We’re happy to have been in a position to attain a consequence, with the help of Choose Goldblatt, that enables BlockFi’s claims towards FTX for the total worth of loans to Alameda and property on the FTX alternate, waives “clawback” claims by FTX that would diminish these claims, and gives BlockFi with {a partially} secured declare,” Kenneth Aulet, companion at Brown Rudnick, which represented the Committee of Unsecured Collectors, mentioned in an emailed assertion. “[It is] a wonderful end result for BlockFi’s clients and collectors.”