Bankrupt cryptocurrency companies BlockFi, FTX and Alameda Reseach reached an agreement after long efforts.
Suffered a huge blow from FTX’s bankruptcy and announced its own bankruptcy shortly after. BlockFiAs a result of long efforts, it came close to receiving its billion-dollar demand.
Within the scope of the agreement, BlockFi FTX And Alameda to Research against total $874.5 million receivable It was stated that he would make a request. The agreement in question was approved by the court.
BlockFi vs. FTX, according to court filing $185.2 million worth of client demand payment and from FTX’s sister trading firm Alameda Research $689.3 million will receive a separate payment.
When BlockFi allocates this amount, it pays its creditors By paying 100% will succeed in ending the bankruptcy process.