In Brief BlockFi is set to recover up to $874M after settling disputes with FTX, pending judicial approval. $250M of this amount is guaranteed from FTX, with additional funds contingent on FTX repaying its clients. FTX’s disposal of its Anthropic stake propels progress toward fulfilling creditor and customer repayments. BlockFi customers are on the brink…
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To sum things up BlockFi rises out of chapter 11, looking at the recuperation of resources it claims are owed by FTX and Three Bolts Capital, in the midst of progressing monetary intricacies. The recuperation way is probably going to be petulant as FTX and Three Bolts Capital are managing their own chapter 11 issues,…
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