BlockFi Investors Near $13M Settlement

BlockFi investors are on the verge of recouping losses from the 2022 crypto crash as a $13.2 million class action settlement nears final approval after a last-minute objection was dropped. Around 89,000 interest account holders could soon receive compensation for frozen investments, offering a glimmer of hope amidst the ongoing fallout from BlockFi's bankruptcy triggered by the TerraUSD and FTX collapses. While some pursued individual claims, the settlement's potential approval could set a precedent for future crypto bankruptcies and fund recovery. Hosted on Acast. See acast.com/privacy for more information.