BlockFi completes FTX debt sale, prepares for final creditor distribution
2024-07-23 09:40:51
With heart-to-heart crypto currency lending institutions bankruptcy proceedings approachingdesk3cryptocurrencydesktopCrypto News
BlockFi has confirmed the sale of its FTX claims as the bankruptcy process for the defunct centralized cryptocurrency lender nears completion. Mohsin Y. Meghji, BlockFi program administrator and managing partner of M3 Partners, reported the sale to the U.S. Bankruptcy Court of New Jersey on Monday, according to a statement. Meghji said the sale process began on June 24 and ended on July 10 after the "highest and best bid" was determined to be "substantially above par" and monetized through an undisclosed third party.
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