BlockFi Settles With FTX, Alameda Estates for $874.5M

“We’re pleased to have been able to reach a result, with the assistance of Judge Goldblatt, that allows BlockFi’s claims against FTX for the full value of loans to Alameda and assets on the FTX exchange, waives “clawback” claims by FTX that could diminish those claims, and provides BlockFi with a partially secured claim,” Kenneth Aulet, partner at Brown Rudnick, which represented the Committee of Unsecured Creditors, said in an emailed statement. “[It is] an excellent outcome for BlockFi’s customers and creditors.”