BlockFi seeks court order for final distribution, compensation to customers and unsecured creditors

Odaily News BlockFi's administrators announced on Monday that the agency is seeking an order that will provide a final distribution to all eligible customers and unsecured creditors. The administrators filed a report with the U.S. Bankruptcy Court for the District of New Jersey. The report shows that the administrators have completed a major transaction, which enabled them to realize $874.5 million in claims against FTX at a price above par. Mohsin Y. Meghji, managing partner of M3 Partners, the planned administrator of BlockFi, said: "This transaction marks the final chapter of the liquidation and is the best outcome for BlockFi's customers." (CoinDesk)