BlockFi creditors now gets closure with partial refund of their locked funds approved.
Overall liquidation and repayment is still dependent on legal battles with FTX and 3AC.
In the latest development, customers of defunct crypto lender BlockFi may be able to recover a part of their frozen crypto assets. 
The Long Haul to Closure
According to a recent court filing, Judge Michael Kaplan has approved the firm’s liquidation and restructuring plan. The filing also confirms that BlockFi’s Chief restructuring officer Mark Renzi, is in support of the new plan. Consequently, BlockFi debtors are expected to compile a list detailing all of its creditors including the top 50 who did not have secured loans.
In November 2022, BlockFi was impacted by the implosion of now-bankrupt cryptocurrency exchange FTX and suspended withdrawals on its platform, preventing users from accessing their crypto assets. The crypto lender attributes a significant portion of its problems to FTX’s bankruptcy, incl

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