BlockFi and DOJ Settle $35M Crypto Asset Transfer Dispute
2025-07-12 12:47:15
Main Idea
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Key Points
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Description
The administrator overseeing BlockFi’s bankruptcy wind-down has reached a settlement with the US Department of Justice (DOJ) to dismiss a $35 million crypto asset transfer lawsuit, marking a resolution to a contentious chapter in the crypto lender’s bankruptcy proceedings. The agreement, approved by Judge Michael B. Kaplan of the US Bankruptcy Court for the District of New Jersey on Friday, effectively ends the dispute with the case being dismissed with prejudice, preventing it from being refile...
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