BlockFi Creditors Encouraged to Vote in Favor of BlockFi’s Chapter 11 Plan by September 11, 2023
Plan Maximizes Recovery for Clients and Provides for the Quickest Possible Distributions to Clients
The Official Committee of Unsecured Creditors Supports the Plan
JERSEY CITY, N.J.–(BUSINESS WIRE)–BlockFi Inc. and certain of its affiliates (“BlockFi” or “the Company”) today announce that its Disclosure Statement was conditionally approved by the United States Bankruptcy Court for the District of New Jersey (“the Court”) on August 2, 2023. BlockFi’s Chapter 11 Plan (“Plan”) maximizes recovery for clients and provides for the quickest possible distributions to clients. Both BlockFi and the Official Committee of Unsecured Creditors (the “Committee”) recommend that all parties entitled to vote should vote to accept the Plan by the September 11, 2023, voting deadline. The Plan will bring these chapter 11 cases to a fair and value‑maximizing conclusion that will
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