BlockFi Settles With Creditor Group Over Crypto Lender’s Failure

BlockFi Inc. has settled a dispute with a committee representing its customers that will resolve potential legal claims against the company’s senior management related to the bankrupt crypto lender’s failure last year, according to court papers filed Monday.

• BlockFi’s official committee of unsecured creditors, which is composed of individual clients, said it agreed to back the management settlement after analyzing what assets were available to pay potential claims against the lender’s directors and officers
  • The committee considered “the mounting administrative costs of these bankruptcy cases and the savings that could be achieved by pursuing a prompt exit from Chapter ...