Sunday, December 3, 2023

U.S. SEC to Forego $30M BlockFi Wonderful to Maximize and Velocity Up Investor Compensation



The regulator asserted its claims must be counted as a part of “basic unsecured claims” within the ongoing Chapter 11 chapter proceedings, however agreed to forego the cost “with a purpose to maximize the quantity which may be distributed to buyers and keep away from delay in such distribution,” in keeping with the settlement reached on June 22.

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