US Court Signs Off on $13M BlockFi Settlement After Objection Withdrawn

Judge Approves $13M BlockFi Settlement, Paving Way For Investor Payouts » News.ng

A U.S. federal judge has given preliminary approval to a $13 million settlement in the BlockFi investor lawsuit, offering long-awaited compensation for customers who lost funds in the collapsed crypto lender. In a Thursday ruling, Judge Claire Cecchi of the District of New Jersey directed BlockFi’s insurers to transfer the settlement amount into escrow within 30 days. The move ends months of procedural delays triggered by objections from a disse…

BlockFi Wins Court Approval For $13 Million Investor Settlement - FinanceFeeds

A U.S. judge in New Jersey has granted preliminary approval for a $13 million settlement between bankrupt cryptocurrency lender BlockFi and investors who alleged the company misled them about its interest-bearing accounts. In a Thursday filing, U.S. District Judge Claire Cecchi ordered BlockFi’s insurers to deposit more than $13 million into an escrow account within 30 days. The settlement stems from a class-action lawsuit filed in 2023 and cove…

BlockFi Settlement Approved: Crucial Relief For 89,000 Investors

BitcoinWorld BlockFi Settlement Approved: Crucial Relief for 89,000 Investors The cryptocurrency world recently saw a significant breakthrough as a U.S. judge officially approved a 13 million dollar BlockFi settlement. This crucial decision, which came after a key investor objection was withdrawn, is paving the way for thousands of affected users to receive some much-needed relief. For many, this marks a tangible step towards closure after a per…

Preliminary Approval Could Pave Way for $13M BlockFi Settlement Amid Fallout From Terra Collapse

The BlockFi settlement is a preliminarily approved, insurer-funded $13+ million escrow intended to compensate about 89,000 former interest-account holders, with insurers ordered to deposit funds within 30 days and a

BlockFi Judge Urged to Approve $13 Million Settlement as Last Objector Withdraws

BlockFi's collapse began with Do Kwon's Terra implosion, which triggered contagion across crypto lending platforms in the brutal winter of 2022.