<p>The post <a rel="noopener noreferrer nofollow" href="https://coinpedia.org/crypto-live-news/blockfis-chapter-11-plan-is-conditionally-approved-by-the-us-bankruptcy-court/">BlockFi’s Chapter 11 Plan is Conditionally Approved by the US Bankruptcy Court!</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://coinpedia.org">Coinpedia Fintech News</a></p> 
<p>Crypto lending platform BlockFi’s Chapter 11 reorganization plan has received conditional approval from the U.S. bankruptcy court in New Jersey. The company aims to recover funds from several defunct firms, including Alameda, Emergent, and FTX, once the plan is approved. The plan also offers the opportunity for client releases, exempting them from future claims by BlockFi, except for those who withdrew over $250,000 from interest accounts or private client accounts after November 2022. BlockFi also plans to distribute cash to creditors with claims under $3,000. The SEC consented to delay the collection of a $30 million fine until creditors were repaid.</p>

BlockFi’s Chapter 11 Plan is Conditionally Approved by the US Bankruptcy Court!

CoinPedia News

Άλλα άρθρα που δημοσιεύτηκαν στις 3 Αυγ 2023

‘Computer language that anyone can read’ launches Aeternity compiler

Blackberry identifies malware that affects crypto community

Just-In: Bank Of England Hikes Interest Rate to 15-Year High; Pound Falls Sharply

All-Time High Address Count for Shiba Inu

Coinbase Releases Second Quarter 2023 Shareholder Letter

Presidency Note on Crypto Regulation Released: Check Highlights

Join our free newsletter for daily crypto updates!